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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Authors & Contributors
Suter, Mischa
Yates, Alexia
Deringer, William Peter
Hoag, Christopher
Magee, Gary Bryan
Thompson, Victoria Elizabeth
Journals
Berichte zur Wissenschaftsgeschichte
Business History Review
Comparative Studies in Society and History
Eighteenth Century: Theory and Interpretation
Eighteenth-Century Life
Eighteenth-Century Studies
Publishers
University of Pennsylvania
Columbia University
Cambridge University Press
Harvard University Press
Johns Hopkins University Press
University of Pennsylvania Press
Concepts
Economics
Capitalism
Speculation
Science and politics
Science and society
Corporations
People
Besant, Annie Wood
Cassirer, Ernst
Collins, John
Walpole, Horace, 4th Earl of Oxford
Cooper, Frederick
Watkins, Thomas
Time Periods
19th century
18th century
20th century, early
Early modern
Medieval
Modern
Places
Great Britain
France
United States
Paris (France)
Switzerland
East Africa
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