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Credit Networks

In: Banking, Projecting and Politicking in Early Modern England

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  • Mabel Winter

    (University of Sheffield)

Abstract

Little evidence survives of the creditors of early modern banks, and Thompson and Company is no different. Without original ledgers or business papers it is impossible to fully reconstruct the business transactions of every customer. However, a list of names from Chancery proceedings in 1679 and other chance findings means that some rudimentary identification can be carried out. This chapter uses surviving source material of Thompson and Company’s creditors to investigate how they described and discussed their financial activities, both with Thompson and Company and other institutions, and why they decided to entrust their money to the partners. In doing so, it demonstrates the importance of interpersonal credit and reputation to institutions as well as individuals and reveals the vague and ambiguous way in which financial activities were described, which suggests a lack of distinction between what we now describe as investments and deposits.

Suggested Citation

  • Mabel Winter, 2022. "Credit Networks," Palgrave Studies in Economic History, in: Banking, Projecting and Politicking in Early Modern England, chapter 0, pages 131-156, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-90570-5_6
    DOI: 10.1007/978-3-030-90570-5_6
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