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 eighteenth century has long been out of print. The present print-on-demand volume reprints the book in the 1993 version published by Gregg Revivals, which made significant alterations to the 1967 original. These included a new introduction reviewing recent work, and, in particular, 33 pages of detailed annotations and corrections, which, taken together, justified its status as a second edition.

part I|2 pages

The Scope of the Problem

chapter 1|12 pages

The Financial Revolution

chapter 2|22 pages

The Contemporary Debate

part II|2 pages

Government Long-term Borrowing

chapter 5|34 pages

The South Sea Bubble (I)

chapter 6|37 pages

The South Sea Bubble (II)

chapter 9|17 pages

The National Debt under Walpole

chapter 10|31 pages

War and Peace 1739-55

part III|2 pages

The Public Creditors

chapter 11|59 pages

Public Creditors in England

chapter 12|35 pages

Public Creditors Abroad

part IV|2 pages

Government Short-term Borrowing

chapter 13|24 pages

Borrowing by Exchequer Tallies

chapter 14|28 pages

Borrowing by Exchequer Bills

chapter 15|16 pages

Departmental Credit

chapter 16|8 pages

The Bonds of the Monied Companies

chapter 17|40 pages

The Ownership of Short-dated Securities

part V|2 pages

The Market in Securities

chapter 18|15 pages

The Turnover of Securities

chapter 19|16 pages

The Rate of Interest in Theory and Practice

chapter 20|37 pages

The Origins of the Stock Exchange