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National Debt in Britain 1850-1930

Edited by Jeremy Wormell

Introduction by Jeremy Wormell

Routledge – 2000 – 2,924 pages

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    978-0-415-19578-2
    July 22nd 1999
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Description

In the period from the Crimean War to the end of the First World War there was a massive increase in the size of British National Debt. These volumes chart the history of the debt during this period. They explore why the debt grew and how it was accommodated.

The set combines previously published materials with extremely rare archival texts, drawn from the Public Record Office, the Bank of England Archives and the John Pierpoint Morgan Archives, among others.

Particular attention is paid to the creation of the financial instruments necessary to sustain the debt. For the bulk of the period the pre-occupation was with repaying the debt, and the set discusses the measures considered for this purpose. However with the end of the set and Keynes' arrival in the treasury came the final acceptance that high levels of national indebtedness were going to be a permanent feature of national economies.

Contents

Areas Covered

History and background

Changes in size and composition of the debt

Origins and characteristics of the securities

Origins of the war savings movement and the growth of the small saver

Arrangements for repayment from sinking funds

Methods of distribution and sale

Savings culture and the Capital Levy

Borrowing in New York in 1915 and 1916

Borrowing from the US Treasury and the funding of the debt after 1918

Name: National Debt in Britain 1850-1930 (Hardback)Routledge 
Description: Edited by Jeremy WormellIntroduction by Jeremy Wormell. In the period from the Crimean War to the end of the First World War there was a massive increase in the size of British National Debt. These volumes chart the history of the debt during this period. They explore why the debt grew and how it was...
Categories: Economics, History of Economic Thought