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Books > History > History of specific subjects > Economic history
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The Impact of the English Civil War on the Economy of London, 1642-50 (Hardcover, New Ed)
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The Impact of the English Civil War on the Economy of London, 1642-50 (Hardcover, New Ed)
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When the English Civil War broke out, London's economy was diverse
and dynamic, closely connected through commercial networks with the
rest of England and with Europe, Asia and North America. As such it
was uniquely vulnerable to hostile acts by supporters of the king,
both those at large in the country and those within the capital.
Yet despite numerous difficulties, the capital remained the
economic powerhouse of the nation and was arguably the single most
important element in Parliament's eventual victory. For London's
wealth enabled Parliament to take up arms in 1642 and sustained it
through the difficult first year and a half of the war, without
which Parliament's ultimate victory would not have been possible.
In this book the various sectors of London's economy are examined
and compared, as the war progressed. It also looks closely at the
impact of war on the major pillars of the London economy, namely
London's role in external and internal trade, and manufacturing in
London. The impact of the increasing burden of taxation on the
capital is another key area that is studied and which yields
surprising conclusions. The Civil War caused a major economic
crisis in the capital, not only because of the interrelationship
between its economy and that of the rest of England, but also
because of its function as the hub of the social and economic
networks of the kingdom and of the rest of the world. The crisis
was managed, however, and one of the strengths of this study is its
revelation of the means by which the city's government sought to
understand and ameliorate the unique economic circumstances which
afflicted it.
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