The Promise and Peril of Credit: What a Forgotten Legend about Jews and Finance Tells Us about the Making of...
- ISBN-10
- 0691185379
- ISBN-13
- 9780691185378
- Category
- History
- Pages
- 424
- Language
- English
- Published
- 2019-02-12
- Publisher
- Princeton University Press
- Author
- Francesca Trivellato
Description
How an antisemitic legend gave voice to widespread fears surrounding the expansion of private credit in Western capitalism The Promise and Peril of Credit takes an incisive look at pivotal episodes in the West’s centuries-long struggle to define the place of private finance in the social and political order. It does so through the lens of a persistent legend about Jews and money that reflected the anxieties surrounding the rise of impersonal credit markets. By the close of the Middle Ages, new and sophisticated credit instruments made it easier for European merchants to move funds across the globe. Bills of exchange were by far the most arcane of these financial innovations. Intangible and written in a cryptic language, they fueled world trade but also lured naive investors into risky businesses. Francesca Trivellato recounts how the invention of these abstruse credit contracts was falsely attributed to Jews, and how this story gave voice to deep-seated fears about the unseen perils of the new paper economy. She locates the legend’s earliest version in a seventeenth-century handbook on maritime law and traces its legacy all the way to the work of the founders of modern social theory—from Marx to Weber and Sombart. Deftly weaving together economic, legal, social, cultural, and intellectual history, Trivellato vividly describes how Christian writers drew on the story to define and redefine what constituted the proper boundaries of credit in a modern world increasingly dominated by finance.
Get the book
Other editions
-
- 2021-06
- 424 pages
- Paperback
- Princeton University Press
Similar books
-
The Enduring Vision: A History of the American People
By Paul S. Boyer, Clifford E. Clark, Karen HalttunenBy her own account, Peggy O'Neale Timberlake was “frivolous, wayward, [and] passionate.” While still married to a naval oflicer away on duty ...
-
The Enduring Vision: A History of the American People, Volume I
By Paul S. Boyer, Clifford E. Clark, Karen Halttunen... had married the widowed daughter of a Washington tavern keeper. By her own account, Peggy O'Neale Timberlake was “frivolous, wayward, [and] passionate.
-
Rice University: One Hundred Years in Pictures
By Karen Hess Rogers, Lee Pecht, Alan Harris Bath... Bill, Kennedy, Jacqueline, Kennedy, John F., Kidd, Albert and Elizabeth, Kieran Timberlake (architects), Kilpatrick, John, Kirkland, William, Kissinger, ...
-
Cengage Advantage Series: The Enduring Vision
By Paul S. Boyer, Clifford E. Clark, Karen Halttunen... 195–196, 361; abolishing of, 257 Ticonderoga fort, 157, 169 Tilden, Samuel J., 524 Timberlake, Peggy O'Neale, 301 Timbuktu, Mali, Sankore Mosque in, ...
-
The Enduring Vision: A History of the American People, Volume 1
By Paul S. Boyer, Clifford E. Clark, Karen HalttunenBy her own account, Peggy O'Neale Timberlake was “frivolous, wayward, [and] passionate.” While still married to a naval officer away on duty, ...
-
The Cherokee Struggle to Maintain Identity in the 17th and 18th Centuries
By Jr., William R. ReynoldsTimberlake, p. 8 (9–10). 2. Timberlake, p. 36 (70). 3. Hoig, p. 45; Kelly, p. 22; Timberlake, p. 37 (72–73). 4. Alderman, p. 6; Timberlake, p.
-
Prehistoric Copper Mining in Europe, 5500-500 BC
By William O'BrienTimberlake, S. 2002. 'Ancient prospection for metals and modern prospection for ancient mines: the evidence for Bronze Age mining within the British Isles', ...
-
The Sixties in the News: How an Era Unfolded in American Newspapers, 1959-1973
By William J. Ryczekhadn't known Timberlake until the two moved in together. Kathy had worked at a series of jobs, including electronics assembler and a dancer in a bar, ...
-
A Borderland Confederate
By William Lyne WilsonTerrill, Philip, killed Thompson, William S. Timberlake, George, wounded. Timberlake, Harry. Timberlake, J. H., wounded. Timberlake, J. L., wounded.
-
Golf in Columbus at Wyandot Country Club: A Lost Donald Ross Classic
By William R. CaseAs the caretaker of the clubhouse, Timberlake was furnished living quarters on the second floor. Around 8:00 p.m., he descended into the basement for the ...