The British Credit Crisis of 1772 and the American Colonies

The British Credit Crisis of 1772 and the American Colonies PDF Author: Richard B Sheridan
Publisher:
ISBN:
Category :
Languages : en
Pages : 26

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The British Credit Crisis of 1772 and the American Colonies

The British Credit Crisis of 1772 and the American Colonies PDF Author: Richard B Sheridan
Publisher:
ISBN:
Category :
Languages : en
Pages : 26

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The 1772–73 British Credit Crisis

The 1772–73 British Credit Crisis PDF Author: Paul Kosmetatos
Publisher: Springer
ISBN: 3319709089
Category : Business & Economics
Languages : en
Pages : 351

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Book Description
Nowadays remembered mostly through Adam Smith’s references to the short-lived Ayr Bank in the Wealth of Nations, the 1772-3 financial crisis was an important historical episode in its own right, taking place during a pivotal period in the development of financial capitalism and coinciding with the start of the traditional industrialisation narrative. It was also one of the earliest purely financial crises occurring in peacetime, and its progress showed an impressive geographical reach, involving England, Scotland, the Netherlands and the North American colonies. This book uses a variety of previously unpublished archival sources to question the bubble narrative usually associated with this crisis, and to identify the mechanisms of financial contagion that allowed the failure of a small private bank in London to cause rapid and severe distress throughout the 18th century financial system. It re-examines the short and turbulent career of the Ayr Bank, and concludes that its failure was the result of cavalier liability management akin to that of Northern Rock in 2007, rather than the poor asset quality alleged in existing literature. It furthermore argues that the Bank of England’s prompt efforts to contain the crisis are evidence of a Lender of Last Resort in action, some thirty years before the classical formulation of the concept by Henry Thornton.

Crisis of Empire

Crisis of Empire PDF Author: Ian R. Christie
Publisher: London : E. Arnold (Publishers)
ISBN:
Category : America
Languages : en
Pages : 136

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Crisis of Empire

Crisis of Empire PDF Author: Ian Ralph Christie
Publisher:
ISBN:
Category :
Languages : en
Pages : 120

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The American Colonies: From Settlement to Independence

The American Colonies: From Settlement to Independence PDF Author: R.C. Simmons
Publisher: Plunkett Lake Press
ISBN:
Category : History
Languages : en
Pages : 678

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Book Description
“[A] superior, wide-ranging text-book... Of the thirteen attractively-written chapters, six cover the period to 1713, four take the story to the end of the French and Indian War (the ‘neglected’ period is not neglected), and the last three deal with the crises that culminated in the Declaration of Independence. The focus is firmly on English-speaking, white people in the thirteen colonies, but blacks, Indians, the West Indies and Europeans and their colonies are skilfully introduced at the relevant points... the author has produced a tightly-written, comprehensive narrative (where necessary he points out the gaps in scholarship) that is smoothly blended with analysis, including undogmatic, judicious considerations of often controversial historiographical questions (further illuminated by a useful bibliography). The fine synthesis of recent scholarship and preoccupations is a major strength and alone should give the book wide readership and course adoption... Mr. Simmons... has written one of the best US colonial history texts.” — Wallace Brown, Journal of American Studies “Richard C. Simmons has written a textbook which... brings the burgeoning scholarship on early America under control and provides students with a graceful, rigorous introduction to American colonial history... this book presents a major problem in western history with integrity and assurance.” — Robert M. Calhoon, The Journal of American History “The American Colonies is a triumph of condensation... This is a highly successful ‘updated narrative introduction to early American history’, of value to students in both the American and the British colonial fields.” — Ian R. Christie, The English Historical Review “The American Colonies is, in Professor Jack P. Greene’s words which appear on the dustcover, ‘an extraordinarily judicious and intelligent synthesis of a vast literature...;’ with his judgment I fully concur. Professor Simmons has succeeded in that most difficult part of the historian’s craft: the creation of a general but succinct narrative which provides a distinct thesis based upon the research of specialists.” — Sheldon A. Silverman, The Canadian Historical Review “The American Colonies is doubly welcome, for its lucidity and scholarship and for the manner in which it distils an enormous literature with clarity and insight. It will be indispensable for specialist and student alike... the author’s mastery of a vast literature (the bibliography is splendid) makes the work much more valuable than an ordinary textbook.” — A. C. Davies, The Economic History Review “This book represents a considerable achievement which must be approached with respect and even awe... The writing is lively, the narrative line propelling, the organization balanced. R. C. Simmons has digested the recent scholarship and made it his own... The American Colonies deserves to be widely read — and admired for its merits — both within and without the classroom.” — J. M. Bumsted, The William and Mary Quarterly “Simmons has mastered the extensive literature of colonial American history and draws it together clearly, concisely and thoughtfully... probably the best place to begin the study of the American colonies.” — M. D. Kaplanoff, History “Simmons’ book is without a doubt a work of high academic rigor, intelligent, powerful and surprisingly clear in its rich content. This is a book every specialist or advanced student of American civilization cannot easily do without and to which he will constantly return.” — Christian Lerat, Revue Française d’Études Américaines

Clashing Over Commerce

Clashing Over Commerce PDF Author: Douglas A. Irwin
Publisher: University of Chicago Press
ISBN: 022639901X
Category : Political Science
Languages : en
Pages : 873

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Book Description
A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs

From British Peasants to Colonial American Farmers

From British Peasants to Colonial American Farmers PDF Author: Allan Kulikoff
Publisher: Univ of North Carolina Press
ISBN: 0807860786
Category : History
Languages : en
Pages : 501

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Book Description
With this book, Allan Kulikoff offers a sweeping new interpretation of the origins and development of the small farm economy in Britain's mainland American colonies. Examining the lives of farmers and their families, he tells the story of immigration to the colonies, traces patterns of settlement, analyzes the growth of markets, and assesses the impact of the Revolution on small farm society. Beginning with the dispossession of the peasantry in early modern England, Kulikoff follows the immigrants across the Atlantic to explore how they reacted to a hostile new environment and its Indian inhabitants. He discusses how colonists secured land, built farms, and bequeathed those farms to their children. Emphasizing commodity markets in early America, Kulikoff shows that without British demand for the colonists' crops, settlement could not have begun at all. Most important, he explores the destruction caused during the American Revolution, showing how the war thrust farmers into subsistence production and how they only gradually regained their prewar prosperity.

Slavery, Family, and Gentry Capitalism in the British Atlantic

Slavery, Family, and Gentry Capitalism in the British Atlantic PDF Author: S. D. Smith
Publisher: Cambridge University Press
ISBN: 113945885X
Category : History
Languages : en
Pages : 396

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Book Description
From the mid-seventeenth century to the 1830s, successful gentry capitalists created an extensive business empire centered on slavery in the West Indies, but inter-linked with North America, Africa, and Europe. S. D. Smith examines the formation of this British Atlantic World from the perspective of Yorkshire aristocratic families who invested in the West Indies. At the heart of the book lies a case study of the plantation-owning Lascelles and the commercial and cultural network they created with their associates. The Lascelles exhibited high levels of business innovation and were accomplished risk-takers, overcoming daunting obstacles to make fortunes out of the New World. Dr Smith shows how the family raised themselves first to super-merchant status and then to aristocratic pre-eminence. He also explores the tragic consequences for enslaved Africans with chapters devoted to the slave populations and interracial relations. This widely researched book sheds new light on the networks and the culture of imperialism.

The Atlantic World

The Atlantic World PDF Author: D'Maris Coffman
Publisher: Routledge
ISBN: 1317576047
Category : History
Languages : en
Pages : 1016

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Book Description
As the meeting point between Europe, colonial America, and Africa, the history of the Atlantic world is a constantly shifting arena, but one which has been a focus of huge and vibrant debate for many years. In over thirty chapters, all written by experts in the field, The Atlantic World takes up these debates and gathers together key, original scholarship to provide an authoritative survey of this increasingly popular area of world history. The book takes a thematic approach to topics including exploration, migration and cultural encounters. In the first chapters, scholars examine the interactions between groups which converged in the Atlantic world, such as slaves, European migrants and Native Americans. The volume then considers questions such as finance, money and commerce in the Atlantic world, as well as warfare, government and religion. The collection closes with chapters examining how ideas circulated across and around the Atlantic and beyond. It presents the Atlantic as a shared space in which commodities and ideas were exchanged and traded, and examines the impact that these exchanges had on both people and places. Including an introductory essay from the editors which defines the field, and lavishly illustrated with paintings, drawings and maps this accessible volume is invaluable reading for all students and scholars of this broad sweep of world history.

The Atlantic Economy during the Seventeenth and Eighteenth Centuries

The Atlantic Economy during the Seventeenth and Eighteenth Centuries PDF Author: Peter A. Coclanis
Publisher: Univ of South Carolina Press
ISBN: 1643361058
Category : History
Languages : en
Pages : 400

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Book Description
The Atlantic Economy during the Seventeenth and Eighteenth Centuries is a collection of essays focusing on the expansion, elaboration, and increasing integration of the economy of the Atlantic basin—comprising parts of Europe, West Africa, and the Americas—during the seventeenth and eighteenth centuries. In thirteen essays, the contributors examine the complex and variegated processes by which markets were created in the Atlantic basin and how they became integrated. While a number of the contributors focus on the economic history of a specific European imperial system, others, mirroring the realities of the world they are writing about, transcend imperial boundaries and investigate topics shared throughout the region. In the latter case, the contributors focus either on processes occurring along the margins or interstices of empires, or on "breaches" in the colonial systems established by various European powers. Taken together, the essays shed much-needed light on the organization and operation of both the European imperial orders of the early modern era and the increasingly integrated economy of the Atlantic basin challenging these orders over the course of the same period.