Casualties of Credit: The English Financial Revolution, 1620-1720

by Carl Wennerlind (Author)

• New

  Hardcover
  2011

  $124.68

  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.