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The Poverty of Disaster - Debt and Insecurity in Eighteenth-Century Britain (Hardcover)
Loot Price: R2,748
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The Poverty of Disaster - Debt and Insecurity in Eighteenth-Century Britain (Hardcover)
Series: Cambridge Studies in Early Modern British History
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Eighteenth-century Britain is often understood as a time of
commercial success, economic growth, and improving living
standards. Yet during this period, tens of thousands of men and
women were imprisoned for failing to pay their debts. The Poverty
of Disaster tells their stories, focusing on the experiences of the
middle classes who enjoyed opportunities for success on one hand,
but who also faced the prospect of downward social mobility. Tawny
Paul examines the role that debt insecurity played within society
and the fragility of the credit relations that underpinned
commercial activity, livelihood, and social status. She
demonstrates how, for the middle classes, insecurity took economic,
social, and embodied forms. It shaped the work that people did,
their social status, their sense of self, their bodily autonomy,
and their relationships with others. In an era of growing debt and
the squeeze of the middle class, The Poverty of Disaster offers a
new history of capitalism and takes a long view of the financial
insecurities that plague our own uncertain times.
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