Article ID: CBB781495586

Finance Beyond the Bounds of the Fiscal-Military State: Debt, Speculation and the Renovation of Nineteenth-Century French Financial Capitalism (2020)

unapi

Focusing on the Paris Stock Exchange in the early nineteenth century, this article examines the renovation of public debt and speculation following financial, political and military collapse. Though financial capitalism at the Exchange in the eighteenth century had been located mostly within the architecture of the fiscal-military state, the fallout of the Revolution and the defeat of the Napoleonic regime eliminated this option. Rather than military competition, financial capitalism at the Exchange in the nineteenth century was rebuilt by focusing inwards, by being linked to political values such as defined property rights, a particular vision of liberty and theories of representative government. Financial capitalism was still connected to empire, however; the reconstruction of financial capitalism at home helped to establish the conditions for exporting capital abroad, in the pursuit of informal empire. The article thus shows how financial capitalism came to be aligned with the political good in the post-revolutionary world.

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Citation URI
https://data.isiscb.org/isis/citation/CBB781495586/

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Authors & Contributors
Yates, Alexia
Suter, Mischa
Thea Goldring
Vause, Erika
Van Dyk, Garritt
Guy, Stéphane
Journals
Osiris: A Research Journal Devoted to the History of Science and Its Cultural Influences
Journal of Economic History
Intellectual History Review
History in Africa
French History
French Historical Studies
Publishers
The Johns Hopkins University Press
University of Pennsylvania Press
Johns Hopkins University Press
Harvard University Press
Cambridge University Press
Columbia University
Concepts
Economics
Capitalism
Speculation
Science and society
Science and politics
Finance in literature
People
Watkins, Thomas
Cooper, Frederick
Walpole, Horace, 4th Earl of Oxford
Collins, John
Cassirer, Ernst
Besant, Annie Wood
Time Periods
19th century
20th century, early
18th century
Early modern
Gilded Age (1870s-1900)
Modern
Places
Great Britain
United States
France
Switzerland
Paris (France)
England
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