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FT-254303-17

Abigail Swingen
Texas Tech University (Lubbock, TX 79409)

The Financial Revolution and the British Empire during the 17th and 18th Centuries

A book-length study on the financial revolution in the British Empire during the 17th and 18th centuries.

Britain’s Financial Revolution was key to the origins of capitalism in the early modern period. The Financial Revolution is usually associated with the creation of the national debt on the part of the British government to help pay for increasingly expensive military endeavors at turn of the eighteenth century. The widespread use of credit was not new, but the move away from using limited, personalized credit mechanisms toward more impersonal, state-supported instruments of public debt and credit fundamentally transformed British society by creating new investment opportunities for a variety of people throughout Britain and the empire. My book, The Financial Revolution and the British Empire, will place the Financial Revolution properly within the history of capitalism and take into consideration how and why imperial expansion played a role in developing many of the financial institutions and mechanisms associated with the Financial Revolution.

Project fields:
British History; Economic History

Program:
Summer Stipends

Division:
Research Programs

Total amounts:
$6,000 (approved)
$6,000 (awarded)

Grant period:
6/1/2017 – 7/31/2017