Casualties of Credit

Casualties of Credit
ISBN-10
0674062663
ISBN-13
9780674062665
Category
History
Pages
928
Language
English
Published
2011-10-15
Publisher
Harvard University Press
Author
Carl Wennerlind

Description

With a circulating credit currency, a modern national debt, and sophisticated financial markets, England developed a fiscal-military state that instilled fear and facilitated the first industrial revolution. Yet this new system of credit was precarious and prone to accidents, and it depended on trust, public opinion, and ultimately violence.

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