Abstract

Part 1 The scope of the problem: the financial revolution the contemporary debate. Part 2 Government long-term borrowing: the earliest phase of the national debt 1688-1714 problems of administration and reform 1693-1719 the South Sea Bubble (I) the South Sea Bubble (II) financial relief and reconstruction 1720-30 (I) financial relief and reconstruction 1720-1730 (II) the national debt under Walpole war and peace 1739-55. Part 3 The public creditors: public creditors in England public creditors abroad. Part 4 Government short-term borrowing: borrowing by exchequer tallies borrowing by exchequer bills departmental credit the bonds of the monied companies the ownership of short-dates securities. Part 5 The market in securities: the turnover of securities the rate of interest in theory and practice the origins of the stock exchange. Appendices.

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