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British Credit Crisis Of 1772–1773
The British credit crisis of 1772–1773, also known as the crisis of 1772, or the panic of 1772, was a peacetime financial crisis which originated in London and then spread to Scotland and the Dutch Republic.Sheridan, R.B. (1960) "The British Credit Crisis of 1772 and the American Colonies" ''The Journal of Economic History'' It has been described as the first modern banking crisis faced by the . New colonies, as observed, had an insatiable demand for capital. Accompanying the more tangible ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A View Of The Deluge Of Scotch Paper Currency For English Gold (BM 1855,0609
A, or a, is the first letter and the first vowel of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version can be written in two forms: the double-storey a and single-storey ɑ. The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English grammar, " a", and its variant " an", are indefinite articles. History The earliest certain ancestor of "A" is aleph (also written 'aleph), the first letter of the Phoenician alphabet, which consisted entirely of consonants (for that reason, it is also called an abjad to distinguish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston Non-importation Agreement
The Boston Non-importation agreement was an 18th Century boycott that restricted importation of goods to the city of Boston. This agreement was signed on August 1, 1768 by more than 60 merchants and traders. After two weeks, there were only 16 traders who did not join the effort. In the upcoming months and years, this non-importation initiative was adopted by other cities: New York joined the same year, Philadelphia followed a year later. Boston stayed the leader in forming an opposition to the mother country and its taxing policy. This boycott lasted until the 1770 when the British Parliament repealed the acts against which the Boston Non-importation agreement was meant. Historical context The boycott movement in the American colonies had been based on an earlier Irish boycott movement popularised by Irish satirist Jonathan Swift in 1720. The British colony of Ireland had faced similar economic exploitation by Great Britain, Irish Declaratory Act of 1720, which influenced the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neale, James, Fordyce And Downe
Neale, James, Fordyce and Downe was a London banking house, established in 1757 by Henry Neale, William James, Alexander Fordyce and Richard Downe. Its collapse in June 1772 precipitated a major banking crisis which included the collapse of almost every private bank in Scotland, and a liquidity crisis in the two major banking centres of the world, London and Amsterdam. The bank had been speculating by shorting East India Company stock on a massive scale, and apparently using customer deposits to cover losses. The leading figure in the speculation was agreed to be the partner Alexander Fordyce. He was Scottish, brother of James Fordyce, the distinguished clergyman and author of ''Sermons to Young Women'', and was married to a daughter of the Earl of Balcarres. On June 9 1772, the day before he fled to France, he was reported to have come home in wild spirits, saying that he had "always told the wary ones, ‘and the wise ones, with heads of a chicken and claws of a corbie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Clapham (economic Historian)
] Sir John Harold Clapham, Order of the British Empire, CBE, FBA (13 September 1873 – 29 March 1946) was a British economic historian. He was educated at The Leys School in Cambridge and King's College, Cambridge. From 1889 to 1902 he was a lecturer in History and Economics at Leeds University and was Professor of Economics there from 1902 to 1908. He was the first Professor of Economic History at Cambridge University from 1928 to 1938, and Vice-Provost of King's College, Cambridge from 1933 until 1943 when he received a knighthood. Between 1926 and 1938 he published, in three volumes, ''An Economic History of Modern Britain''. He is also recognised for his study of the Industrial Revolution in England, and for describing cooperatives in the initiation of the revolution. He is also remembered for his 1944 ''The Bank of England, A History''. Welsh economic historian Sir John Habakkuk Sir Hrothgar John Habakkuk (13 May 1915 – 3 November 2002) was a British economic his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir William Pulteney, 5th Baronet
Sir William Pulteney, 5th Baronet (October 1729 – 30 May 1805), known as William Johnstone until 1767, was a Scottish advocate, landowner and politician who sat in the House of Commons between 1768 and 1805. He was reputedly the wealthiest man in Great Britain. He profited from slave plantations in North America, and invested in building developments in Great Britain, including the Pulteney Bridge and other buildings in Bath, buildings on the sea-front at Weymouth in Dorset, and roads in his native Scotland. He was a patron of architect Robert Adam and civil engineer Thomas Telford. Early life William Johnstone, as he was born, was the second son of Sir James Johnstone, 3rd Baronet of Wester Hall, Dumfries, and his wife Barbara Murray, the oldest sister of the literary patron Patrick Murray, 5th Lord Elibank. His older brother was the soldier and politician Sir James Johnstone, 4th Baronet. His younger brothers included the politician and naval officer George Johnstone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harman And Co
Harman may refer to: People * Harman (surname) Places * Harman, Australian Capital Territory * Hărman, Romania * Harman, West Virginia * Harmans, Maryland * Harman, Virginia * Harman's Cross, Dorset, England Other uses * Harman International, an electronics audio manufacturer owned by Samsung Electronics * Harmane Harmane (harman) is a heterocyclic amine found in a variety of foods including coffee, sauces, and cooked meat. It is also present in tobacco smoke. Chemistry Harmane is a methylated derivative of β-carboline with the molecular formula C12H10N ... or harman, 1-methyl-9''H''-pyrido ,4-''b''ndole, one of the harmala alkaloids, a reversible inhibitor of MAO-A (RIMA) * USS ''Harman'' (PF-79), a United States Navy patrol frigate which served in the Royal Navy as See also * Harmon (other) {{disambiguation, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hope & Co
Hope & Co. was a Dutch bank that existed for two and a half centuries. The bank was located in Amsterdam until 1795; originally it concentrated on Great Britain. From 1750 it played a major part in the finances of the Dutch East India Company (VOC) through Thomas Hope and his brother Adrian. During the Seven Years' War (1756–1763) the Hope brothers profited from the Netherlands' neutral position and became very wealthy. The Hopes became heavily involved in the Dutch Caribbean, and Danish West Indies. They specialised in plantation loans, in which the entire produce of the plantation was remitted to the lender, who would supervise its sale in order to secure repayment. In this way, the Hopes helped the plantation economy to become integrated into a global network of financiers and consumers. The Hope family were among the richest in Europe at the time. The family business focused on financing commercial transactions and especially on issuing money loans to monarchs and governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guilder
Guilder is the English translation of the Dutch and German ''gulden'', originally shortened from Middle High German ''guldin pfenninc'' "gold penny". This was the term that became current in the southern and western parts of the Holy Roman Empire for the Fiorino d'oro (introduced in 1252). Hence, the name has often been interchangeable with ''florin'' ( currency sign ''ƒ'' or ''fl.''). The guilder is also the name of several currencies used in Europe and the former colonies of the Dutch Empire. Gold guilder The guilder or gulden was the name of several gold coins used during the Holy Roman Empire. It first referred to the Italian gold florin introduced in the 13th century. It then referred to the Rhenish gulden (florenus Rheni) issued by several states of the Holy Roman Empire from the 14th century. The Rhenish gulden was issued by Trier, Cologne and Mainz in the 14th and 15th centuries. Basel minted its own ''Apfelgulden'' between 1429 and 1509. Bern and Solothurn followed i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grenada
Grenada ( ; Grenadian Creole French: ) is an island country in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada consists of the island of Grenada itself, two smaller islands, Carriacou and Petite Martinique, and several small islands which lie to the north of the main island and are a part of the Grenadines. It is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines. Its size is , and it had an estimated population of 112,523 in July 2020. Its capital is St. George's. Grenada is also known as the "Island of Spice" due to its production of nutmeg and mace crops. Before the arrival of Europeans in the Americas, Grenada was inhabited by the indigenous peoples from South America. Christopher Columbus sighted Grenada in 1498 during his third voyage to the Americas. Following several unsuccessful attempts by Europeans to colonise the island due to resistance from res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A (four Dice Depicted) Macaroni
A, or a, is the first letter and the first vowel of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''a'' (pronounced ), plural ''aes''. It is similar in shape to the Ancient Greek letter alpha, from which it derives. The uppercase version consists of the two slanting sides of a triangle, crossed in the middle by a horizontal bar. The lowercase version can be written in two forms: the double-storey a and single-storey ɑ. The latter is commonly used in handwriting and fonts based on it, especially fonts intended to be read by children, and is also found in italic type. In English grammar, " a", and its variant " an", are indefinite articles. History The earliest certain ancestor of "A" is aleph (also written 'aleph), the first letter of the Phoenician alphabet, which consisted entirely of consonants (for that reason, it is also called an abjad to distinguish it fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ayr, Scotland
Ayr (; sco, Ayr; gd, Inbhir Àir, "Mouth of the River Ayr") is a town situated on the southwest coast of Scotland. It is the administrative centre of the South Ayrshire council area and the historic county town of Ayrshire. With a population of 46,982 Ayr is the 15th largest settlement in Scotland and largest town in Ayrshire by population. The town is contiguous with the smaller town of Prestwick to the north. Ayr was established as a Royal Burgh in 1205 and is the county town of Ayrshire. It served as Ayrshire's central marketplace and harbour throughout the Medieval Period and was a well-known port during the Early Modern Period. On the southern bank of the River Ayr sits the ramparts of a citadel constructed by Oliver Cromwell's men during the mid-17th century. Towards the south of the town is the birthplace of Scottish poet Robert Burns in the suburb of Alloway. Ayr has been a popular tourist resort since the expansion of the railway in 1840 owing to the town's fine be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Douglas, Heron & Company
Douglas, Heron & Company, also known as the Ayr Bank, was a Scottish bank with its head office at Ayr. It opened in November 1769 and folded in 1772 during the crisis of 1772. History The nominal capital of the company was £150,000 or £160,000, of which £96,000 was immediately subscribed. However, no more than 80% of the capital was ever subscribed. There were 131 original partners, including Patrick Heron of Kirroughtree, the Earl of Dumfries, the Earl of March, and Sir Adam Fergusson of Kilkerran. Many of the partners were substantial landowners, such as the Duke of Buccleuch, the Duke of Queensberry, and Archibald Douglas, 1st Baron Douglas. The bank was established under a contract of co-partnery, so the partners were not protected by limited liability. This made the bank seem very secure, because its deposits were backed by the partners' land as collateral. The bank granted many loans to favoured customers and soon had to issue bank notes to cover its position. By Jun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
_1.463_-_Dividend_Day_at_the_Bank%2C_1770.jpg "Click for more on -> British Credit Crisis Of 1772–1773")
