Peter Dickson's important study of the origins and development of the system of public borrowing which enabled Great Britain to emerge as a world power in the e
The financial revolution marked the end of medieval England, and through the major institutions such as Lloyds and the Bank of England, laid the foundations on
Modern credit, developed during the financial revolution of 1620–1720, laid the foundation for England’s political, military, and economic dominance in the
In recent decades, historians of early-modern Europe, and above all those who study the eighteenth century, have elaborated the concept of what has been called
After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for th