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Silent Partners - Women as Public Investors during Britain's Financial Revolution, 1690-1750 (Hardcover)
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Silent Partners - Women as Public Investors during Britain's Financial Revolution, 1690-1750 (Hardcover)
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Silent Partners restores women to their place in the story of
England's Financial Revolution. Women were active participants in
London's first stock market beginning in the 1690s and continuing
through the eighteenth century. Whether playing the state lottery,
investing in government funds for retirement, or speculating in
company stocks, women regularly comprised between a fifth and a
third of public investors. These female investors ranged from
London servants to middling tradeswomen, up to provincial
gentlewomen and peeresses of the realm. Amy Froide finds that there
was no single female investor type, rather some women ran risks and
speculated in stocks while others sought out low-risk, low-return
options for their retirement years. Not only did women invest for
themselves, their financial knowledge and ability meant that family
members often relied on wives, sisters, and aunts to act as their
investing agents. Moreover, women's investing not only benefitted
themselves and their families, it also aided the nation. Women's
capital was a critical component of Britain's rise to economic,
military, and colonial dominance in the eighteenth century.
Focusing on the period between 1690 and 1750, and utilizing women's
account books and financial correspondence, as well as the records
of joint stock companies, the Bank of England, and the Exchequer,
Silent Partners provides the first comprehensive overview of the
significant role women played in the birth of financial capitalism
in Britain.
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