LEADER 04155nam 22006735 450 001 9910172227303321 005 20220812195108.0 010 $a9786612473227 010 $a1-4008-2210-6 010 $a1-282-47322-0 010 $a1-4008-1118-X 024 7 $a10.1515/9781400822102 035 $a(CKB)111056486503604 035 $a(EBL)483535 035 $a(OCoLC)700682004 035 $a(SSID)ssj0000122637 035 $a(PQKBManifestationID)11135825 035 $a(PQKBTitleCode)TC0000122637 035 $a(PQKBWorkID)10123726 035 $a(PQKB)11095410 035 $a(MiAaPQ)EBC483535 035 $a(MiAaPQ)EBC4524583 035 $a(OCoLC)51520108 035 $a(MdBmJHUP)muse35996 035 $a(DE-B1597)446130 035 $a(OCoLC)979741668 035 $a(DE-B1597)9781400822102 035 $a(EXLCZ)99111056486503604 100 $a20190708d1999 fg 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCity of capital $epolitics and markets in the English financial revolution /$fBruce G. Carruthers 205 $aCourse Book 210 1$aPrinceton, NJ :$cPrinceton University Press,$d[1999] 210 4$dİ1996 215 $a1 online resource (318 p.) 300 $aDescription based upon print version of record. 311 $a0-691-04960-2 311 $a0-691-04455-4 320 $aIncludes bibliographical references (p. [267]-298) and index. 327 $tFrontmatter --$tCONTENTS --$tFIGURES --$tTABLES --$tACKNOWLEDGMENTS --$tCHAPTER ONE: Introduction --$tCHAPTER TWO: British Politics from 1672 to 1712 --$tCHAPTER THREE: Finance and State-Formation --$tCHAPTER FOUR: Britain in Comparative Perspective --$tCHAPTER FIVE. Financial Property Rights and the State --$tCHAPTER SIX. Politics and the Joint-Stock Companies --$tCHAPTER SEVEN. Trading on the London Stock Market --$tCHAPTER EIGHT. Government Bonds and Political Bonds --$tAPPENDIX --$tNOTES --$tBIBLIOGRAPHY --$tINDEX 330 $aWhile many have examined how economic interests motivate political action, Bruce Carruthers explores the reverse relationship by focusing on how political interests shape a market. He sets his inquiry within the context of late Stuart England, when an active stock market emerged and when Whig and Tory parties vied for control of a newly empowered Parliament. Carruthers examines the institutional linkage between politics and the market that consisted of three joint-stock companies--the Bank of England, the East India Company, and the South Sea Company--which all loaned large sums to the government and whose shares dominated trading on the stock market. Through innovative research that connects the voting behavior of individuals in parliamentary elections with their economic behavior in the stock market, Carruthers demonstrates that party conflict figured prominently during the company foundings as Whigs and Tories tried to dominate company directorships. For them, the national debt was as much a political as a fiscal instrument.In 1712, the Bank was largely controlled by the Whigs, and the South Sea Company by the Tories. The two parties competed, however, for control of the East India Company, and so Whigs tended to trade shares only with Whigs, and Tories with Tories. Probing such connections between politics and markets at both institutional and individual levels, Carruthers ultimately argues that competitive markets are not inherently apolitical spheres guided by economic interest but rather ongoing creations of social actors pursuing multiple goals. 606 $aCapital market$xHistory$y18th century 606 $aCapital market$xHistory$y17th century 607 $aGreat Britain$xPolitics and government$y18th century 607 $aGreat Britain$xPolitics and government$y1689-1702 615 0$aCapital market$xHistory 615 0$aCapital market$xHistory 676 $a332/.0414 700 $aCarruthers$b Bruce G.$0145203 801 0$bDE-B1597 801 1$bDE-B1597 906 $aBOOK 912 $a9910172227303321 996 $aCity of capital$9508039 997 $aUNINA