Fogg Postles, D. (2022). ‘Trading Beyond His Capital’: The Business of Bankruptcy and Local Economies in Leicestershire, 1706–1842. Transactions of the Leicestershire Archaeological and Historical Society 96. Vol 96, Leicestershire Archaeological and Historical Society. pp. 137-156. https://doi.org/10.5284/1114630. Cite this via datacite
| Title: | ‘Trading Beyond His Capital’: The Business of Bankruptcy and Local Economies in Leicestershire, 1706–1842 | ||
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| Issue: | Transactions of the Leicestershire Archaeological and Historical Society 96 | ||
| Series: | Transactions of the Leicestershire Archaeological and Historical Society | ||
| Volume: | 96 | ||
| Page Start/End: | 137 - 156 | ||
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Creative Commons Attribution 4.0
International Licence |
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| Publication Type: | Journal | ||
| Abstract: | Whilst the impact of bankruptcy has been investigated by Hoppit, his examination was confined to the eighteenth century, finishing at 1800. His analysis also represented the macro-level, the whole of England. It is important, however, to consider the effects of bankruptcies on local economies, with their different complexions. Bankruptcy is here related to structural change in textile production and financial services. Additionally, the exploration extends to 1842 when District Courts of Bankruptcy were introduced, replacing a previous system that had existed since 1706. A second aspect confirms a recent proposal by Paul that there was a downside to the ‘consumer revolution’: risk and anxiety. Paul’s evidence was derived from insolvent debtors – at the lower level of trading and commerce. Bankruptcy proceedings were restricted to those engaged in higher levels of financial transactions and debt; and so indicate higher levels of risk in the local economy. The new bankruptcy legislation also marked a transition from trust in individuals to trust in institutions; thus an extension of rationalisation into the regulation of the economy. | ||
| Year of Publication: | 2022 | ||
| Source: |
ADS Archive
(ADS Archive)
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| Created Date: | 05 Oct 2023 |
