Description
Originally published in 1967, this work offers a detailed reconstruction of government borrowing during the first half of the 18th century. Utilizing a range of documentary sources, the author defines the nature of financial problems faced in the period and analyzes in detail the methods adopted to overcome them. Topics covered include government short- and long-term borrowing, the emergence of public creditors and the development of the market in securities – including the origins of the Stock Exchange. This Gregg Revivals reprint of the book includes a new introduction written by the author, which updates his original study.
