A History of Credit and Power in the Western World

A History of Credit and Power in the Western World

Author: Scott B. MacDonald

Publisher: Routledge

Published: 2017-07-12

Total Pages: 314

ISBN-13: 1351535323

DOWNLOAD EBOOK

The end of the Cold War put the planet on a new track, abruptly replacing the familiar world of bipolarity, red phones, and intercontinental ballistic missiles with the strange new world of the Internet, e-commerce, and Palm Pilots. The "New World Order" was defined by a U.S.-led war against Iraq, bloody ethnic strife in Bosnia and Rwanda, and religious turmoil in Central Asia. This evolving global system, however, overlooked the powerful role of credit, which functions as a critical building block for developing greater national and individual wealth. This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor. it focuses on Western Europe and the United States and also considers how the Western system became the global credit system. Six major themes run throughout: (1) the direct relationship between credit and power; (2) different kinds of political power promote different kinds of economic behavior; (3) various societal and cultural groups were often more successful in mingling credit and political power; (4) the Western credit system evolved in tandem with the development of the nation-state; (5) historically, there has been a pattern of financial crises; (6) credit spread from being the privilege of the wealthy and powerful to being available to vast numbers. MacDonald and Gastmann have broken history into five periods, ranging from early pre-modern, defining the earliest references to banking and credit as exemplified by the Code of Hammurabi, circa 1726 BC, through the Roman Empire with its creation of money and growing use of credit in trade, the barbarian invasions of the 11th century which led to a breakdown in credit networks in the West, through the establishment of the Italian city-states, to the modern period which incorporates the rise of credit in the Low Countries in the 1500s and extends through the rise of London and New York as the major international credit hubs.


Book Synopsis A History of Credit and Power in the Western World by : Scott B. MacDonald

Download or read book A History of Credit and Power in the Western World written by Scott B. MacDonald and published by Routledge. This book was released on 2017-07-12 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War put the planet on a new track, abruptly replacing the familiar world of bipolarity, red phones, and intercontinental ballistic missiles with the strange new world of the Internet, e-commerce, and Palm Pilots. The "New World Order" was defined by a U.S.-led war against Iraq, bloody ethnic strife in Bosnia and Rwanda, and religious turmoil in Central Asia. This evolving global system, however, overlooked the powerful role of credit, which functions as a critical building block for developing greater national and individual wealth. This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor. it focuses on Western Europe and the United States and also considers how the Western system became the global credit system. Six major themes run throughout: (1) the direct relationship between credit and power; (2) different kinds of political power promote different kinds of economic behavior; (3) various societal and cultural groups were often more successful in mingling credit and political power; (4) the Western credit system evolved in tandem with the development of the nation-state; (5) historically, there has been a pattern of financial crises; (6) credit spread from being the privilege of the wealthy and powerful to being available to vast numbers. MacDonald and Gastmann have broken history into five periods, ranging from early pre-modern, defining the earliest references to banking and credit as exemplified by the Code of Hammurabi, circa 1726 BC, through the Roman Empire with its creation of money and growing use of credit in trade, the barbarian invasions of the 11th century which led to a breakdown in credit networks in the West, through the establishment of the Italian city-states, to the modern period which incorporates the rise of credit in the Low Countries in the 1500s and extends through the rise of London and New York as the major international credit hubs.

The Power of Credit

The Power of Credit

Author: Robert Leslie

Publisher:

Published: 2019-06-13

Total Pages: 51

ISBN-13: 9781099647550

DOWNLOAD EBOOK

Few understand the power of credit, so many will never experience the benefits that come along with building a positive credit history. The good news is that you won't be one of those that miss out on the benefits because you have THE POWER OF CREDIT in your hand. This book will be your guide to establishing a strong credit profile. In the pages of this golden credit Bible you'll learn how to obtain high limit credit cards with CASH advances, how to save HUNDREDS OF THOUSANDS of dollars in interest, how to earn free trips, how to earn cash rewards, how to profit from Authorized User accounts and more! The knowledge given in this short book will give you access to the capital that you need over the next few years which you can use to invest in any business venture you please!


Book Synopsis The Power of Credit by : Robert Leslie

Download or read book The Power of Credit written by Robert Leslie and published by . This book was released on 2019-06-13 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few understand the power of credit, so many will never experience the benefits that come along with building a positive credit history. The good news is that you won't be one of those that miss out on the benefits because you have THE POWER OF CREDIT in your hand. This book will be your guide to establishing a strong credit profile. In the pages of this golden credit Bible you'll learn how to obtain high limit credit cards with CASH advances, how to save HUNDREDS OF THOUSANDS of dollars in interest, how to earn free trips, how to earn cash rewards, how to profit from Authorized User accounts and more! The knowledge given in this short book will give you access to the capital that you need over the next few years which you can use to invest in any business venture you please!

Credit and Power

Credit and Power

Author: Simon Sherratt

Publisher: Routledge

Published: 2020-10-27

Total Pages: 229

ISBN-13: 1000214125

DOWNLOAD EBOOK

This book reveals the surprising role that credit, money created ex nihilo by financiers, played in raising the British government’s war loans between 1793 and 1815. Using often overlooked contemporary objections to the National Debt a startling paradox is revealed as it is shown how the government’s ostensible creditors had, in fact, very little "real" money to lend and were instead often reliant for their own solvency upon the very government they were lending to. By following the careers of unsuccessful loan-contractors, who went bankrupt lending to the government, to the triumphant career of the House of Rothschild; who successfully "exported" the British system of war-financing abroad with the coming of peace, the symbiotic relationship that existed between the British government and their ostensible creditors is revealed. Also highlighted is the power granted to the (technically bankrupt) Bank of England over credit and the money supply, an unprecedented and highly influential development that filled many contemporaries with horror. This is a tale of bankruptcy, stock market manipulation, bribery and institutional corruption that continues to exert its influence today and will be of interest to anyone interested in government financing, debt and the origins of modern finance.


Book Synopsis Credit and Power by : Simon Sherratt

Download or read book Credit and Power written by Simon Sherratt and published by Routledge. This book was released on 2020-10-27 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reveals the surprising role that credit, money created ex nihilo by financiers, played in raising the British government’s war loans between 1793 and 1815. Using often overlooked contemporary objections to the National Debt a startling paradox is revealed as it is shown how the government’s ostensible creditors had, in fact, very little "real" money to lend and were instead often reliant for their own solvency upon the very government they were lending to. By following the careers of unsuccessful loan-contractors, who went bankrupt lending to the government, to the triumphant career of the House of Rothschild; who successfully "exported" the British system of war-financing abroad with the coming of peace, the symbiotic relationship that existed between the British government and their ostensible creditors is revealed. Also highlighted is the power granted to the (technically bankrupt) Bank of England over credit and the money supply, an unprecedented and highly influential development that filled many contemporaries with horror. This is a tale of bankruptcy, stock market manipulation, bribery and institutional corruption that continues to exert its influence today and will be of interest to anyone interested in government financing, debt and the origins of modern finance.

A History of Credit and Power in the Western World

A History of Credit and Power in the Western World

Author: Scott B. MacDonald

Publisher: Routledge

Published: 2017-07-12

Total Pages: 325

ISBN-13: 1351535331

DOWNLOAD EBOOK

The end of the Cold War put the planet on a new track, abruptly replacing the familiar world of bipolarity, red phones, and intercontinental ballistic missiles with the strange new world of the Internet, e-commerce, and Palm Pilots. The "New World Order" was defined by a U.S.-led war against Iraq, bloody ethnic strife in Bosnia and Rwanda, and religious turmoil in Central Asia. This evolving global system, however, overlooked the powerful role of credit, which functions as a critical building block for developing greater national and individual wealth. This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor. it focuses on Western Europe and the United States and also considers how the Western system became the global credit system. Six major themes run throughout: (1) the direct relationship between credit and power; (2) different kinds of political power promote different kinds of economic behavior; (3) various societal and cultural groups were often more successful in mingling credit and political power; (4) the Western credit system evolved in tandem with the development of the nation-state; (5) historically, there has been a pattern of financial crises; (6) credit spread from being the privilege of the wealthy and powerful to being available to vast numbers. MacDonald and Gastmann have broken history into five periods, ranging from early pre-modern, defining the earliest references to banking and credit as exemplified by the Code of Hammurabi, circa 1726 BC, through the Roman Empire with its creation of money and growing use of credit in trade, the barbarian invasions of the 11th century which led to a breakdown in credit networks in the West, through the establishment of the Italian city-states, to the modern period which incorporates the rise of credit in the Low Countries in the 1500s and extends through the rise of London and New York as the major international credit hubs.


Book Synopsis A History of Credit and Power in the Western World by : Scott B. MacDonald

Download or read book A History of Credit and Power in the Western World written by Scott B. MacDonald and published by Routledge. This book was released on 2017-07-12 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War put the planet on a new track, abruptly replacing the familiar world of bipolarity, red phones, and intercontinental ballistic missiles with the strange new world of the Internet, e-commerce, and Palm Pilots. The "New World Order" was defined by a U.S.-led war against Iraq, bloody ethnic strife in Bosnia and Rwanda, and religious turmoil in Central Asia. This evolving global system, however, overlooked the powerful role of credit, which functions as a critical building block for developing greater national and individual wealth. This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor. it focuses on Western Europe and the United States and also considers how the Western system became the global credit system. Six major themes run throughout: (1) the direct relationship between credit and power; (2) different kinds of political power promote different kinds of economic behavior; (3) various societal and cultural groups were often more successful in mingling credit and political power; (4) the Western credit system evolved in tandem with the development of the nation-state; (5) historically, there has been a pattern of financial crises; (6) credit spread from being the privilege of the wealthy and powerful to being available to vast numbers. MacDonald and Gastmann have broken history into five periods, ranging from early pre-modern, defining the earliest references to banking and credit as exemplified by the Code of Hammurabi, circa 1726 BC, through the Roman Empire with its creation of money and growing use of credit in trade, the barbarian invasions of the 11th century which led to a breakdown in credit networks in the West, through the establishment of the Italian city-states, to the modern period which incorporates the rise of credit in the Low Countries in the 1500s and extends through the rise of London and New York as the major international credit hubs.

Lending Power

Lending Power

Author: Howard E. Covington Jr.

Publisher: Duke University Press

Published: 2017-09-15

Total Pages: 240

ISBN-13: 0822372770

DOWNLOAD EBOOK

Established by Martin Eakes and Bonnie Wright in North Carolina in 1980, the nonprofit Center for Community Self-Help has grown from an innovative financial institution dedicated to civil rights into the nation's largest home lender to low- and moderate-income borrowers. Self-Help's first capital campaign—a bake sale that raised a meager seventy-seven dollars for a credit union—may not have done much to fulfill the organization's early goals of promoting worker-owned businesses, but it was a crucial first step toward wielding inclusive lending as a weapon for economic justice. In Lending Power journalist and historian Howard E. Covington Jr. narrates the compelling story of Self-Help's founders and coworkers as they built a progressive and community-oriented financial institution. First established to assist workers displaced by closed furniture and textile mills, Self-Help created a credit union that expanded into providing home loans for those on the margins of the financial market, especially people of color and single mothers. Using its own lending record, Self-Help convinced commercial banks to follow suit, extending its influence well beyond North Carolina. In 1999 its efforts led to the first state law against predatory lending. A decade later, as the Great Recession ravaged the nation's economy, its legislative victories helped influence the Dodd-Frank Wall Street Reform and Consumer Protection Act and the formation of the Consumer Financial Protection Bureau. Self-Help also created a federally chartered credit union to expand to California and later to Illinois and Florida, where it assisted ailing community-based credit unions and financial institutions. Throughout its history, Self-Help has never wavered from its mission to use Dr. Martin Luther King Jr.'s vision of justice to extend economic opportunity to the nation's unbanked and underserved citizens. With nearly two billion dollars in assets, Self-Help also shows that such a model for nonprofits can be financially successful while serving the greater good. At a time when calls for economic justice are growing ever louder, Lending Power shows how hard-working and dedicated people can help improve their communities.


Book Synopsis Lending Power by : Howard E. Covington Jr.

Download or read book Lending Power written by Howard E. Covington Jr. and published by Duke University Press. This book was released on 2017-09-15 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Established by Martin Eakes and Bonnie Wright in North Carolina in 1980, the nonprofit Center for Community Self-Help has grown from an innovative financial institution dedicated to civil rights into the nation's largest home lender to low- and moderate-income borrowers. Self-Help's first capital campaign—a bake sale that raised a meager seventy-seven dollars for a credit union—may not have done much to fulfill the organization's early goals of promoting worker-owned businesses, but it was a crucial first step toward wielding inclusive lending as a weapon for economic justice. In Lending Power journalist and historian Howard E. Covington Jr. narrates the compelling story of Self-Help's founders and coworkers as they built a progressive and community-oriented financial institution. First established to assist workers displaced by closed furniture and textile mills, Self-Help created a credit union that expanded into providing home loans for those on the margins of the financial market, especially people of color and single mothers. Using its own lending record, Self-Help convinced commercial banks to follow suit, extending its influence well beyond North Carolina. In 1999 its efforts led to the first state law against predatory lending. A decade later, as the Great Recession ravaged the nation's economy, its legislative victories helped influence the Dodd-Frank Wall Street Reform and Consumer Protection Act and the formation of the Consumer Financial Protection Bureau. Self-Help also created a federally chartered credit union to expand to California and later to Illinois and Florida, where it assisted ailing community-based credit unions and financial institutions. Throughout its history, Self-Help has never wavered from its mission to use Dr. Martin Luther King Jr.'s vision of justice to extend economic opportunity to the nation's unbanked and underserved citizens. With nearly two billion dollars in assets, Self-Help also shows that such a model for nonprofits can be financially successful while serving the greater good. At a time when calls for economic justice are growing ever louder, Lending Power shows how hard-working and dedicated people can help improve their communities.

States of Credit

States of Credit

Author: David Stasavage

Publisher: Princeton University Press

Published: 2011-07-05

Total Pages: 207

ISBN-13: 1400838878

DOWNLOAD EBOOK

States of Credit provides the first comprehensive look at the joint development of representative assemblies and public borrowing in Europe during the medieval and early modern eras. In this pioneering book, David Stasavage argues that unique advances in political representation allowed certain European states to gain early and advantageous access to credit, but the emergence of an active form of political representation itself depended on two underlying factors: compact geography and a strong mercantile presence. Stasavage shows that active representative assemblies were more likely to be sustained in geographically small polities. These assemblies, dominated by mercantile groups that lent to governments, were in turn more likely to preserve access to credit. Given these conditions, smaller European city-states, such as Genoa and Cologne, had an advantage over larger territorial states, including France and Castile, because mercantile elites structured political institutions in order to effectively monitor public credit. While creditor oversight of public funds became an asset for city-states in need of finance, Stasavage suggests that the long-run implications were more ambiguous. City-states with the best access to credit often had the most closed and oligarchic systems of representation, hindering their ability to accept new economic innovations. This eventually transformed certain city-states from economic dynamos into rentier republics. Exploring the links between representation and debt in medieval and early modern Europe, States of Credit contributes to broad debates about state formation and Europe's economic rise.


Book Synopsis States of Credit by : David Stasavage

Download or read book States of Credit written by David Stasavage and published by Princeton University Press. This book was released on 2011-07-05 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: States of Credit provides the first comprehensive look at the joint development of representative assemblies and public borrowing in Europe during the medieval and early modern eras. In this pioneering book, David Stasavage argues that unique advances in political representation allowed certain European states to gain early and advantageous access to credit, but the emergence of an active form of political representation itself depended on two underlying factors: compact geography and a strong mercantile presence. Stasavage shows that active representative assemblies were more likely to be sustained in geographically small polities. These assemblies, dominated by mercantile groups that lent to governments, were in turn more likely to preserve access to credit. Given these conditions, smaller European city-states, such as Genoa and Cologne, had an advantage over larger territorial states, including France and Castile, because mercantile elites structured political institutions in order to effectively monitor public credit. While creditor oversight of public funds became an asset for city-states in need of finance, Stasavage suggests that the long-run implications were more ambiguous. City-states with the best access to credit often had the most closed and oligarchic systems of representation, hindering their ability to accept new economic innovations. This eventually transformed certain city-states from economic dynamos into rentier republics. Exploring the links between representation and debt in medieval and early modern Europe, States of Credit contributes to broad debates about state formation and Europe's economic rise.

The Power of Credit Is in Your Hands

The Power of Credit Is in Your Hands

Author: Tony Santos

Publisher: CreateSpace

Published: 2014-12-26

Total Pages: 128

ISBN-13: 9781505823899

DOWNLOAD EBOOK

The Power of Credit is in Your Hands is a comprehensive guide to understanding the credit industry and advice on how to establish, repair and rebuild your credit history.


Book Synopsis The Power of Credit Is in Your Hands by : Tony Santos

Download or read book The Power of Credit Is in Your Hands written by Tony Santos and published by CreateSpace. This book was released on 2014-12-26 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Power of Credit is in Your Hands is a comprehensive guide to understanding the credit industry and advice on how to establish, repair and rebuild your credit history.

Credit Power and Democracy

Credit Power and Democracy

Author: Douglas C. H. (Clifford Hugh)

Publisher: Legare Street Press

Published: 2022-10-26

Total Pages: 0

ISBN-13: 9781015591080

DOWNLOAD EBOOK

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.


Book Synopsis Credit Power and Democracy by : Douglas C. H. (Clifford Hugh)

Download or read book Credit Power and Democracy written by Douglas C. H. (Clifford Hugh) and published by Legare Street Press. This book was released on 2022-10-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

A History of Credit and Power in the Western World

A History of Credit and Power in the Western World

Author: Scott B. MacDonald

Publisher: Transaction Pub

Published: 2004

Total Pages: 314

ISBN-13: 9780765808332

DOWNLOAD EBOOK

The end of the Cold War put the planet on a new track, abruptly replacing the familiar world of bipolarity, red phones, and intercontinental ballistic missiles with the strange new world of the Internet, e-commerce, and Palm Pilots. The "New World Order" was defined by the first U.S.-led war against Iraq, bloody ethnic strife in Bosnia and Rwanda, and religious turmoil in Central Asia. This evolving global system, however, overlooked the powerful role of credit, which functions as a critical building block for developing greater national and individual wealth. This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor, it focuses on Western Europe and the United States and also considers how the Western system became the global credit system. Now available in paperback, A History of Credit and Power in the Western World is a highly accessible, innovative and well-written volume that will engage historians and economists alike.


Book Synopsis A History of Credit and Power in the Western World by : Scott B. MacDonald

Download or read book A History of Credit and Power in the Western World written by Scott B. MacDonald and published by Transaction Pub. This book was released on 2004 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The end of the Cold War put the planet on a new track, abruptly replacing the familiar world of bipolarity, red phones, and intercontinental ballistic missiles with the strange new world of the Internet, e-commerce, and Palm Pilots. The "New World Order" was defined by the first U.S.-led war against Iraq, bloody ethnic strife in Bosnia and Rwanda, and religious turmoil in Central Asia. This evolving global system, however, overlooked the powerful role of credit, which functions as a critical building block for developing greater national and individual wealth. This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor, it focuses on Western Europe and the United States and also considers how the Western system became the global credit system. Now available in paperback, A History of Credit and Power in the Western World is a highly accessible, innovative and well-written volume that will engage historians and economists alike.

Hidden Interests in Credit and Finance

Hidden Interests in Credit and Finance

Author: James B. Greenberg

Publisher: Rowman & Littlefield

Published: 2017-09-20

Total Pages: 331

ISBN-13: 1498545793

DOWNLOAD EBOOK

Hidden Interests in Credit and Finance takes an anthropological approach to the roots of Western finance and credit in ancient societies from early Mesopotamia to eleventh-century Islam. The authors reveal that credit is not just an economic transaction but also a social relationship and a technology of power.


Book Synopsis Hidden Interests in Credit and Finance by : James B. Greenberg

Download or read book Hidden Interests in Credit and Finance written by James B. Greenberg and published by Rowman & Littlefield. This book was released on 2017-09-20 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hidden Interests in Credit and Finance takes an anthropological approach to the roots of Western finance and credit in ancient societies from early Mesopotamia to eleventh-century Islam. The authors reveal that credit is not just an economic transaction but also a social relationship and a technology of power.