Casualties of Credit

Discover the intricate relationship between credit and economic development in Carl Wennerlind's enlightening book, Casualties of Credit. Published by Harvard University Press in 2011, this hardback edition spans 360 pages and delves into how England's innovative credit system shaped its fiscal-military state, instilling fear and paving the way for the first industrial revolution. Wennerlind explores the precarious nature of this new financial landscape, highlighting its dependence on trust, public sentiment, and even violence. This compelling narrative not only sheds light on historical economic conditions but also offers valuable insights into the complexities of modern finance. Perfect for students, scholars, and anyone interested in the evolution of economic systems, Casualties of Credit is a must-read for understanding the foundations of contemporary financial markets.