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The collapse of Thompson and Company: credit, reputation and risk in early modern England
Social History ( IF 1.1 ) Pub Date : 2020-04-02 , DOI: 10.1080/03071022.2020.1732125
Mabel Winter 1
Affiliation  

ABSTRACT This article uses a case study of the bank of Thompson and Company (1671–1678) to demonstrate the interconnected nature of seventeenth-century finance, commerce and politics. It focuses specifically on the collapse of the bank itself and examines the commercial and political circumstances surrounding it. Due to the limited surviving source material, which requires the bank to be reconstructed from a diverse range of sources, the bank of Thompson and Company is largely absent in existing financial, commercial and political studies of early modern England. Therefore, this analysis uses a combination of Chancery records, pamphlets, institutional records and correspondence to reconstruct the series of events that resulted in the failure of the bank. This study builds on the historiography of credit and reputation in early modern England. While historians have emphasized the positive outcomes for individuals occupying multiple roles in politics and commerce, the negative implications have not been addressed to the same extent. Ultimately, this study illuminates the negative side of public activity and office-holding, and the risk attached to inhabiting more than one position in a society functioning on the exchange of knowledge and reputation.

中文翻译:

汤普森公司的倒闭:近代早期英格兰的信用、声誉和风险

摘要 本文使用汤普森银行(1671-1678 年)的案例研究来展示 17 世纪金融、商业和政治的相互关联性。它特别关注银行本身的倒闭,并考察了围绕它的商业和政治环境。由于现存资料有限,需要从各种来源重建银行,汤普森公司银行在早期现代英格兰的现有金融、商业和政治研究中基本上不存在。因此,本分析结合大法官记录、小册子、机构记录和信件来重构导致银行倒闭的一系列事件。本研究建立在近代早期英国的信用和声誉史学基础之上。虽然历史学家强调了在政治和商业中扮演多重角色的个人的积极结果,但其负面影响并未得到同等程度的解决。最终,这项研究阐明了公共活动和担任公职的消极一面,以及在一个以知识和声誉交流为基础的社会中担任多个职位所带来的风险。
更新日期:2020-04-02
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