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An Early Modern ‘Project’

In: Banking, Projecting and Politicking in Early Modern England

Author

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  • Mabel Winter

    (University of Sheffield)

Abstract

The historiography of finance and banking and the historiography of commerce have largely been treated separately for the early modern period. However, Thompson and Company were not just an early deposit bank but incorporated a merchant partnership as well. This chapter argues that Thompson and Company can best be viewed as an early modern ‘project’, an innovative and entrepreneurial scheme that exploited the techniques of commerce and banking under one institution. Furthermore, this central banking project was then used by the partners to facilitate a variety of other joint and singular projects, which were all funded by the bank through loans to the partners themselves. Whilst projects could be highly profitable for everyone involved, there was a fine balance between an honest projector contributing to public good and a dishonest projector seeking only personal gain. Thompson and Company ended up defined by the latter persona.

Suggested Citation

  • Mabel Winter, 2022. "An Early Modern ‘Project’," Palgrave Studies in Economic History, in: Banking, Projecting and Politicking in Early Modern England, chapter 0, pages 83-102, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-90570-5_4
    DOI: 10.1007/978-3-030-90570-5_4
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