1st Edition

Money, Politics and Power Banking and Public Finance in Wartime England, 1694�96

254 Pages

by Routledge

254 Pages 22 B/W Illustrations

by Routledge

254 Pages 22 B/W Illustrations

by Routledge

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Description

The Nine Years’ War with France was a period of great institutional innovation in public finance and of severe monetary turmoil for England. It saw the creation of the Bank of England; a sudden sharp fall in the external value of the pound; a massive undertaking to melt down and recoin most of the nation’s silver currency; a failed attempt to create a National Land Bank as a competitor to the... Read more

1. Introduction

Part I: The institutional and economic context

2. England’s wartime system of public finance

3. The inception of the Bank of England

4. Parliamentary measures against clipping and bullion exports, 1689-95

5. The growing problem of war remittances

6. Land-bank projects, 1694-95

Part II: The political and policy narrative

7. The administrative debate on the state of the currency, September–November 1695

8. The act for remedying the ill state of the coin, November 1695–January 1696

9. Banking projects and public finance, early 1696

10. Guineas and the National Land Bank, February–April 1696