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A History of Credit and Power in the Western World
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Item specifics
- Condition
- Book Title
- Title
- ISBN
- 9780765808332
About this product
Product Identifiers
Publisher
Routledge
ISBN-10
0765808331
ISBN-13
9780765808332
eBay Product ID (ePID)
30789201
Product Key Features
Number of Pages
324 Pages
Language
English
Publication Name
History of Credit and Power in the Western World
Subject
Economic History, Public Finance, Finance / General, General, Sociology / Social Theory
Publication Year
2004
Type
Textbook
Subject Area
Social Science, Business & Economics, History
Format
Trade Paperback
Dimensions
Item Weight
16.8 Oz
Item Length
9 in
Item Width
6 in
Additional Product Features
Intended Audience
College Audience
LCCN
2001-027042
TitleLeading
A
Dewey Edition
21
Reviews
"In their depiction of the rise and subsequent eclipsing of each of those financial centers, the authors note recurring themes: economic growth tends to be associated with innovation in credit instruments in a mutually reinforcing relationship; an environment of political stability, law and order, and respect for private property is needed for development of financial institutions; and operations of Western credit systems are subject to instability and periodic rises. Description of consumer access to credit and discussion of globalization of international financial markets conclude the volume." - Choice "MacDonald and Gastmann's very fine book could not have come at a better time to explain the important historical symbiotic relationship between power and credit. It would be invaluable to anyone who seeks a better understanding of the financial markets' reactions to historical and current global political and economic events." - Robert Windorf, KWR International Advisor
Dewey Decimal
332.7
Synopsis
The end of the Cold War put the planet on a new track, abruptly replacing the familiar world of bipolarity, red phones, and intercontinental ballistic missiles with the strange new world of the Internet, e-commerce, and Palm Pilots. The "New World Order" was defined by a U.S.-led war against Iraq, bloody ethnic strife in Bosnia and Rwanda, and religious turmoil in Central Asia. This evolving global system, however, overlooked the powerful role of credit, which functions as a critical building block for developing greater national and individual wealth. This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor. it focuses on Western Europe and the United States and also considers how the Western system became the global credit system. Six major themes run throughout: (1) the direct relationship between credit and power; (2) different kinds of political power promote different kinds of economic behavior; (3) various societal and cultural groups were often more successful in mingling credit and political power; (4) the Western credit system evolved in tandem with the development of the nation-state; (5) historically, there has been a pattern of financial crises; (6) credit spread from being the privilege of the wealthy and powerful to being available to vast numbers. MacDonald and Gastmann have broken history into five periods, ranging from early pre-modern, defining the earliest references to banking and credit as exemplified by the Code of Hammurabi, circa 1726 BC, through the Roman Empire with its creation of money and growing use of credit in trade, the barbarian invasions of the 11th century which led to a breakdown in credit networks in the West, through the establishment of the Italian city-states, to the modern period which incorporates the rise of credit in the Low Countries in the 1500s and extends through the rise of London and New York as the major international credit hubs. The final period is the global one which began in the early 1990s, reflecting the linkages of almost all points of the map, and the deepening democratization of credit in North America, Europe, and parts of Asia. This highly accessible and well-written volume will engage historians and economists alike., This volume examines the evolution of credit in the Western world and its relationship to power. Spanning several centuries of human endeavor, it focuses on Western Europe and the United States and also considers how the Western system became the global credit system.
LC Classification Number
HG3701.M177 2004
Item description from the seller
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- o***o (8)- Feedback left by buyer.Past monthVerified purchaseFirst off, communication with the seller was great. The seller was even kind to show additional photographs of the book. Packaged really well. It arrived relatively quickly. Book was excatly as described and in basically new. I can safely recommend this seller. 10+
- f***k (38)- Feedback left by buyer.Past 6 monthsVerified purchaseShipping was fast. The item arrived in perfect condition: not even a crease or dog ear. It was as described, wrapped in a layer of bubble wrap in a nice form fitting USPS box. This item seems to be very rare. I have seen it go for 5x as much in other places and even though it's the most expensive volume in my collection to date, I believe I got it at a bargain. Huge thanks once again to the seller. Now if I could just get the last 3 books and complete the set, I can die happy. Cheers.*Rare* Knights of the Zodiac (Saint Seiya), Vol. 10 Kurumada, Masami (#126934289406)
- n***u (7)- Feedback left by buyer.Past 6 monthsVerified purchaseItem was as described and the seller was very quick to respond when a shipping error occurred (this was a USPS issue and nothing related to the seller). Shipping was prompt and they were able to accommodate my request. I would immediately purchase a second copy of my item or any other item I'm interested in from this seller in the future. Thank you!*Signed* Grit: Power of Passion and Perseverance [Hardcover] Duckworth, Angela (#126805323543)