University of Hertfordshire

By the same authors

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Original languageEnglish
PublisherCambridge University Press
Number of pages258
ISBN (Print)9780521519946
Publication statusPublished - 2009

Publication series

NameCambridge Studies in Economic History - Second Series
PublisherCambridge University Press


In English financial history, the late 1600s was a critical period. Many joint-stock companies appeared creating opportunity for investment in projects that ranged from paper manufacturing to the search for sunken treasure. On the back of demands created by the Nine Years' War, the state also employed innovative tactics to bring in money, the most notorious proposal being the incorporation of the Bank of England. This text is the first complete exploration of the selections made and actions of the investors, who excitedly embraced London's new financial market. It examines the interactions between public and private finance, details how information circulated around the market and was utilised by investors and speculators, and documents the establishment of the institutions - the Bank of England, the national debt, and the secondary market in that debt – which is what England's financial system was built on.


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