Winter, M. orcid.org/0000-0002-8359-5243 (2020) The collapse of Thompson and Company: credit, reputation, and risk in early modern England. Social History, 45 (2). pp. 145-166. ISSN 0307-1022
Abstract
This article uses a case study of the bank of Thompson and Company (1671-1678) to demonstrate the interconnected nature of seventeenth-century finance, commerce, and politics. It focusses specifically on the collapse of the bank itself and examines the commercial and political circumstances surrounding it. Due to the limited surviving source material, which requires the bank to be reconstructed from a diverse range of sources, the bank of Thompson and Company is largely absent in existing financial, commercial, and political studies of early modern England. Therefore, this analysis uses a combination of Chancery records, pamphlets, institutional records, and correspondence to reconstruct the series of events that resulted in the failure of the bank. This study builds on the historiography of credit and reputation in early modern England. While historians have emphasised the positive outcomes for individuals occupying multiple roles in politics and commerce, the negative implications have not been addressed to the same extent. Ultimately, this study illuminates the negative side of public activity and office-holding, and the risk attached to inhabiting more than one position in a society functioning on the exchange of knowledge and reputation.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020 Informa UK Limited, trading as Taylor & Francis Group. This is an author-produced version of a paper subsequently published in Social History. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | reputation; credit; bankruptcy; politics; London; early modern |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Arts and Humanities (Sheffield) > Department of History (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 03 Mar 2020 12:18 |
Last Modified: | 27 Oct 2021 00:38 |
Status: | Published |
Publisher: | Taylor & Francis (Routledge) |
Refereed: | Yes |
Identification Number: | 10.1080/03071022.2020.1732125 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:157916 |