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Bubbles and Bonanzas - British Investors and Investments in Mexico, 1824-1860 (Hardcover)
Loot Price: R2,857
Discovery Miles 28 570
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Bubbles and Bonanzas - British Investors and Investments in Mexico, 1824-1860 (Hardcover)
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It is a little known fact of British history that between 1824 and
1825, British people invested approximately 10 million pounds in
Mexico. This enormous sum of money did not come from the British
government, the Bank of England, or, for the most part, rich
merchants, landowners, or British aristocrats. It came from the
incomes, pensions, and savings of thousands of ordinary British
people, including rural vicars, country doctors, merchants, local
bankers and solicitors, retired army and navy officers, shopkeepers
and myriad other individuals who risked their money in the future
of Mexico. Why did they do it? Why did the four Cazenove brothers
of the banking family, or the three Twining brothers of tea fame,
or Dr. Peter Roget, author of the famous Theasaurus that most of us
still use today, choose Mexico for their investments? What did they
know about the country, its history, economoy, politics and
prospects? Why was it that the British, even after losing millions
of pounds in their Mexican investments, continued to believe that
Mexico was a land of unlimited opportunity? Bubbles and Bonanzas is
the first detailed study of British investments and investors in
Mexico in the first four decades after independence. Costeloe gives
economic history a human face that offers fascinating detail and
new information about the origins and scope of British interest in
independent Mexico.
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