1st Edition

The Financial Revolution in England A Study in the Development of Public Credit, 1688-1756

By P.G.M. Dickson Copyright 1993

    Peter Dickson's important study of the origins and development of the system of public borrowing which enabled Great Britain to emerge as a world power in the eighteenth century has long been out of print. The present print-on-demand volume reprints the book in the 1993 version published by Gregg Revivals, which made significant alterations to the 1967 original. These included a new introduction reviewing recent work, and, in particular, 33 pages of detailed annotations and corrections, which, taken together, justified its status as a second edition.

    List of Illustrations, List of Tables, Dates, spelling, citations, Abbreviations, Introduction to the Gregg Revivals edition, Preface and Acknowledgements, I. The Scope of the Problem, 1. The Financial Revolution, 2. The Contemporary Debate, II. Government Long-term Borrowing, 3. The Earliest Phase ofthe National Debt 1688-1714, 4. Problems of Administration and Reform 1693-1719, 5. The South Sea Bubble (I), 6. The South Sea Bubble (II), 7. Financial Relief and Reconstruction 1720-30 (I), 8. Financial Relief and Reconstruction 1720-30 (II), 9. The National Debt under Walpole, 10. War and Peace 1739-55, III. The Public Creditors, 11. Public Creditors in England, 12. Public Creditors Abroad, IV. Government Short-term Borrowing, 13. Borrowing by Exchequer Tallies, 14. Borrowing by Exchequer Bills, 15. Departmental Credit, 16. The Bonds of the Monied Companies, 17. The Ownership of Short-dated Securities, V. The Market in Securities, 18. The Turnover of Securities, 19. The Rate oflnterest in Theory and Practice, 20. The Origins of the Stock Exchange, Appendixes, Bibliography, Index


    P.G.M. Dickson is Emeritus Professor of Early Modern History, University of Oxford, and Emeritus Fellow of St Catherine's College. He is the author of a number of books and articles on aspects of eighteenth-century European financial history. His research has inspired a generation of historians and was celebrated in a festschrift edited by Christopher Storrs, 'The Fiscal Military State in Eighteenth-century Europe: Essays in honour of P.G.M. Dickson.'