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E-mail Message: I thought you might be interested in this item at http://www.worldcat.org/oclc/1182785373 Title: Credit and debt in eighteenth century England an economic history of debtors' prisons Author: Alexander Wakelam Publisher: London Routledge 2021 ISBN/ISSN: 9780367137113 0367137119 OCLC:1182785373

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Credit and debt in eighteenth century England an economic history of debtors' prisons

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Credit and debt in eighteenth century England an economic history of debtors' prisons

Author:	Alexander Wakelam
Publisher:	London Routledge 2021
Series:	Perspectives in economic and social history, 61.
Edition/Format:	Print book : EnglishView all editions and formats
Summary:	"Throughout the eighteenth-century hundreds of thousands of men and women were cast into prison for failing to pay their debts. This apparently illogical system where debtors were kept away from their places of work remained popular with creditors into the nineteenth century even as Britain witnessed industrialisation, market growth, and the increasing sophistication of commerce, as the debtors' prisons proved Read more...
Rating:	(not yet rated) 0 with reviews - Be the first.
Subjects	Finance, Personal -- Great Britain -- History -- 18th century. Credit -- Great Britain -- History -- 18th century. Debt, Imprisonment for -- Great Britain -- History18th century. View all subjects
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Details

Genre/Form:	History
Additional Physical Format:	Erscheint auch als Wakelam, Alexander Credit and debt in eighteenth century england New York : Routledge, 2020 Online-Ausgabe (DLC)2020007681
Document Type:	Book
All Authors / Contributors:	Alexander Wakelam Find more information about:
ISBN:	9780367137113 0367137119
OCLC Number:	1182785373
Notes:	Includes bibliographical references and index.
Description:	xi, 253 Seiten Illustrationen
Series Title:	Perspectives in economic and social history, 61.
Responsibility:	Alexander Wakelam.

Abstract:

"Throughout the eighteenth-century hundreds of thousands of men and women were cast into prison for failing to pay their debts. This apparently illogical system where debtors were kept away from their places of work remained popular with creditors into the nineteenth century even as Britain witnessed industrialisation, market growth, and the increasing sophistication of commerce, as the debtors' prisons proved surprisingly effective. Due to insufficient early modern currency, almost every exchange was reliant upon the use of credit based upon personal reputation rather than defined collateral, making the lives of traders inherently precarious as they struggled to extract payments based on little more than promises. This book shows how traders turned to debtors' prisons to give those promises defined consequences, the system functioning as a tool of coercive contract enforcement rather than oppression of the poor. Credit and Debt demonstrates for the first time the fundamental contribution of debt imprisonment to the early modern economy and reveals how traders made use of existing institutions to alleviate the instabilities of commerce in the context of unprecedented market growth. This book will be of interest to scholars and researchers in economic history and early modern British history."

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