Casualties of Credit

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Casualties of Credit
Categories :"History"
Author By :"Carl Wennerlind"
Published Date : 2011-10-15
Published by : Harvard University Press
Books Language : en

Description

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.

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.

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Reference

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