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The Price of Misfortune
A history of the struggle for debtors’ rights from the Civil War to the Great Depression What can be taken from someone who has borrowed money and cannot repay? What do the victims of misfortune owe to their lenders, and what can they keep for themselves? The answers to those questions, immensely important for debtors, creditors, and society at large, have changed over time. The Price of Misfortune examines the cause of debtors’ rights in the modern United States and the struggles of reformers who fought to establish financial freedoms in law. Daniel Platt shows how, in the wake of the Civil War, a range of advocates drew potent analogies between slavery, imprisonment for debt, and the e...
The House in the Rue Saint-Fiacre
A bold account of property reform during the French Revolution, arguing that the lofty democratic ideals enshrined by revolutionary leaders were rarely secured in practice—with lasting consequences. Property reform was at the heart of the French Revolution. As lawmakers proclaimed at the time, and as historians have long echoed, the Revolution created modern property rights. Under the new regime, property was redefined as an individual right to which all citizens were entitled. Yet as the state seized assets and prepared them for sale, administrators quickly found that realizing the dream of democratic property rights was far more complicated than simply rewriting laws. H. B. Callaway sift...
Politics in the Marketplace
Politics in the Marketplace integrates politics, economics, and gender to ask how the Dames des Halles invented notions of citizenship through everyday trade during the French Revolution. While analyzing how marketplace actors shaped nascent democracy and capitalism, it challenges the interpretation that revolutionary citizenship was inherently masculine from the outset.
Suffrage, Capital, and Welfare
This open access book examines disenfranchisement and voting barriers in ten self-governing and aspiring liberal democracies worldwide, before and after the introduction of so-called universal suffrage. Focusing on economic voting restrictions implemented through constitutional provisions and laws, it explores the various disqualifications that prevent people from voting. The notions of economic independence underpinning these restrictions have built and reinforced societal structures and power relations, particularly concerning class, gender, race, civil status, age, and education. Historically, voting rights have been celebrated as a symbol of inclusivity and equal citizenship. Yet, as contributors in this collection highlight, recent centennial celebrations of universal suffrage often depict it as a distinct milestone, overshadowing the voting restrictions that persisted post women’s suffrage. As democracy now faces new, concerted challenges, there is a compelling reason to revisit and question the narrative of the progression of democratic ideals.
In the Red and in the Black
"The most dishonorable act that can dishonor a man." Such is Félix Grandet’s unsparing view of bankruptcy, adding that even a highway robber—who at least "risks his own life in attacking you"—is worthier of respect. Indeed, the France of Balzac’s day was an unforgiving place for borrowers. Each year, thousands of debtors found themselves arrested for commercial debts. Those who wished to escape debt imprisonment through bankruptcy sacrificed their honor—losing, among other rights and privileges, the ability to vote, to serve on a jury, or even to enter the stock market. Arguing that French Revolutionary and Napoleonic legislation created a conception of commercial identity that ti...
Histoire & mesure
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The Cultural Life of Risk and Innovation
How did "innovation" become something to strive for, an end in itself? And how did "the market" come to be thought of as the space of innovation? This edited volume provides the first historical examination of how innovations are conceived, marketed, navigated and legitimated from a global perspective that highlights contrasting experiences. These experiences include: colonial "projecting" in the Dutch New Netherlands, trust networks in the early US securities market, female investors during the Financial Revolution, life insurance in nineteenth-century France, "bubbles" and trusts in 1920s Shanghai, government regulation of the pre-Revolutionary stock market and the checkered success of today’s bit-coin technology. By discussing these diverse contexts together, this volume provides a pathbreaking reconsideration of market and business activities in light of both the techniques and the emotional vectors that infuse them.
The Cultural History of Money and Credit
In the wake of the financial crisis in 2008, historians have turned with renewed urgency to understanding the economic dimension of historical change. In this collection, nine scholars present original research into the historical development of money and credit during the nineteenth and twentieth centuries and explore the social and cultural significance of financial phenomena from a global perspective. Together with an introduction by the editors, chapters emphasize themes of creditworthiness and access to credit, the role of the state in the loan market, modernization, colonialism, and global connections between markets. The first section of the volume, "Creditworthiness and Credit Risks,...
The Cultural History of Money and Credit
In the wake of the financial crisis in 2008, historians have turned with renewed urgency to understanding the economic dimension of historical change. In this collection, nine scholars present original research into the historical development of money and credit during the nineteenth and twentieth centuries and explore the social and cultural significance of financial phenomena from a global perspective. Together with an introduction by the editors, chapters emphasize themes of creditworthiness and access to credit, the role of the state in the loan market, modernization, colonialism, and global connections between markets. The first section of the volume, "Creditworthiness and Credit Risks,...
