|
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 Bank of England. New colonies, as Adam Smith observed, had an insatiable demand for capital. Accompanying the more tangible evidence of wealth creation was a rapid expansion of credit and banking, leading to a rash of speculation and dubious financial innovation. In today's language, they bought shares on margin. In June 1772 Alexander For ... [...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 letter of the Latin alphabet, used in the modern English alphabet, 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 is often written in one of two forms: the double-storey and single-storey . 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, '' a'' is the indefinite article, with the alternative form ''an''. Name In English, the name of the letter is the ''long A'' sound, pronounced . Its name in most other languages matches the letter's pronunciation in open syllables. History The earliest known ancestor of A is ''aleph''—the first letter of the Phoenician ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Physiocrats
Physiocracy (; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists. They believed that the wealth of nations derived solely from the value of "land agriculture" or " land development" and that agricultural products should be highly priced. Their theories originated in France and were most popular during the second half of the 18th century. Physiocracy became one of the first well-developed theories of economics. François Quesnay (1694–1774), the marquis de Mirabeau (1715–1789) and Anne-Robert-Jacques Turgot (1727–1781) dominated the movement,Steiner (2003), pp. 61–62 which immediately preceded the first modern school, classical economics, which began with the publication of Adam Smith's ''The Wealth of Nations'' in 1776. The physiocrats made a significant contribution in their emphasis on productive work as the source of national wealth. This contrasted with earlier schools, in p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Threadneedle Street
Threadneedle Street is a street in the City of London, England, between Bishopsgate at its northeast end and Bank junction in the southwest. It is one of nine streets that converge at Bank. It lies in the ward of Cornhill. History Threadneedle Street is famous as the site of the Bank of England. The bank itself is sometimes known as 'the Old Lady of Threadneedle Street' and has been based at its current location since 1734. The London Stock Exchange was situated on Threadneedle Street until 2004, when it relocated to nearby Paternoster Square. The Baltic Exchange was founded in the on Threadneedle Street in 1744. It is now located on St Mary Axe. Etymology Some believe that the name originated as Three Needle Street, first attested to in 1598, perhaps from a signboard portraying three needles, or from the three needles on the arms of needle-makers who had premises on the street. The threads and needles used by the members of the Worshipful Company of Merchant Taylors i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neale, James, Fordyce And Downe
Neale, James, Fordyce and Down was a London banking house, established in 1757 by Henry Neale (1713 - 1773), William James, Alexander Fordyce and Richard Down (1734 - 1814). 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Clapham (economic Historian)
John Clapham may refer to: * John Clapham (historian and poet) (1566–1619), English historian and poet * John Greaves Clapham (1790s–1854), businessman and political figure in Lower Canada and Canada East * John Peele Clapham John Peele Clapham (7 July 1801–19 November 1875), from Leeds, Leeds, West Riding of Yorkshire, was a Magistrate (England and Wales), justice of the peace for the West Riding of Yorkshire, and treasurer for the county courts of Yorkshire. Al ... (1801–1875), English solicitor and justice of the peace * John Harold Clapham (1873–1946), British economic historian {{hndis, Clapham, John ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir William Pulteney, 5th Baronet
Sir William Pulteney, 5th Baronet (born William Johnstone; October 1729 – 30 May 1805) was a Scottish lawyer, Whig politician and landowner who sat in the British House of Commons between 1768 and 1805. One of the wealthiest Britons during his lifetime, he invested in the construction of several prominent buildings in Britain, including the Pulteney Bridge and other properties in Bath, Somerset, several beachfront residences in Weymouth, Dorset and roads in Scotland. Pulteney was also a patron of architect Robert Adam and civil engineer Thomas Telford. He also owned slave plantations in British America. 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 older sister was Margaret, later Lady Ogilvy, a J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harman And Co
Harman may refer to: People * Harman (surname) * Harman Baweja (born 1980), Indian actor and producer * Harman Bhangu, Canadian politician * Harman Blennerhassett (1764–1831), Anglo-Irish lawyer and plantation owner * Harman Grisewood (1906–1997), English radio actor, radio and television executive, writer 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 * Harman Technology, the parent company of Ilford Photo * Harmane 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 that served in the Royal Navy as See also * Harmon (other) * Harmanus Harmanus is a masculine given name. Notable people with the name include: *Harmanus ... [...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 (1704-1779), 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 ... [...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 in the Republic of Florence). 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 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grenada
Grenada is an island country of the West Indies in the eastern Caribbean Sea. The southernmost of the Windward Islands, Grenada is directly south of Saint Vincent and the Grenadines and about north of Trinidad and Tobago, Trinidad and the South American mainland. 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. Its size is , with an estimated population of 114,621 in 2024. Its capital is St. George's, Grenada, St. George's. Grenada is also known as the "Island of Spice" due to its production of nutmeg and mace (spice), mace crops. Before the European colonization of the Americas, arrival of Europeans in the Americas, Grenada was inhabited by the Indigenous peoples of the Americas, indigenous peoples from South America. Christopher Columbus sighted Grenada in 1498 during his Voyages of Christopher Columbus, third voyage t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
A (four Dice Depicted) Macaroni
A, or a, is the first Letter (alphabet), letter and the first vowel letter of the Latin alphabet, used in the modern English alphabet, and others worldwide. Its name in English is ''English alphabet#Letter names, 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 is often written in one of two forms: the double-storey and single-storey . 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, ''English articles, a'' is the indefinite article, with the alternative form ''an''. Name In English, the name of the letter is the ''long A'' sound, pronounced . Its name in most other languages matches the letter's pronunciation in open syllables. History The earliest know ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ayr, Scotland
Ayr ( ; ; , meaning "confluence of the River Àir"), is a town situated on the southwest coast of Scotland. A former royal burgh, today it is the administrative centre of South Ayrshire Council, and the historic county town of Ayrshire. With a population of 46,982, Ayr is the 15th largest settlement in Scotland and second largest town in Ayrshire by population. The town is contiguous with the smaller town of Prestwick to the north. Ayr submitted unsuccessful bids for City status in the United Kingdom, city status in 2000 and 2002, and as part of the wider South Ayrshire area in 2022. 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 port during the early modern period. On the southern bank of the River Ayr sit 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
