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Unlimited Taxation, Public Credit, and the Strength of Government

Max. M Edling

in A Revolution in Favor of Government: Origins of the U.S. Constitution and the Making of the American State

Published in print:
2003
Published Online:
January 2005
ISBN:
9780195148701
eISBN:
9780199835096
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195148703.003.0012
Subject:
Political Science, American Politics

Provides the layout of the Federalist argument that Congress had to possess an unlimited power to raise men and money from American society without any intervention from the states. While the ... More


Introduction

David Stasavage

in States of Credit: Size, Power, and the Development of European Polities

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140575
eISBN:
9781400838875
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140575.003.0001
Subject:
Economics and Finance, Economic History

This book examines two distinctive features of European state formation: the invention of the concept of political representation and the development of a system of public credit. Using systematic ... More


The Federalists and the Uses of Fiscal Powers

Max. M Edling

in A Revolution in Favor of Government: Origins of the U.S. Constitution and the Making of the American State

Published in print:
2003
Published Online:
January 2005
ISBN:
9780195148701
eISBN:
9780199835096
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195148703.003.0015
Subject:
Political Science, American Politics

Offers brief sketches of the institutionalization of the military and fiscal powers granted by the US Constitution, and of the uses made of them by the Federalists in the 1790s. Gives an outline of ... More


Three City-State Experiences

David Stasavage

in States of Credit: Size, Power, and the Development of European Polities

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140575
eISBN:
9781400838875
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140575.003.0006
Subject:
Economics and Finance, Economic History

This chapter examines public credit and political representation in three European city-states: Cologne, Genoa, and Siena. The goal is to identify the mechanisms at work that determined whether a ... More


States of Credit: Size, Power, and the Development of European Polities

David Stasavage

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140575
eISBN:
9781400838875
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140575.001.0001
Subject:
Economics and Finance, Economic History

This book provides the first comprehensive look at the joint development of representative assemblies and public borrowing in Europe during the medieval and early modern eras. It argues that unique ... More


Three Territorial State Experiences

David Stasavage

in States of Credit: Size, Power, and the Development of European Polities

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140575
eISBN:
9781400838875
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140575.003.0007
Subject:
Economics and Finance, Economic History

This chapter examines public credit and political representation in three European territorial states: France, Castile, and Holland. It tackles the following question: If having a representative ... More


The Evolution and Importance of Public Credit

David Stasavage

in States of Credit: Size, Power, and the Development of European Polities

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140575
eISBN:
9781400838875
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140575.003.0002
Subject:
Economics and Finance, Economic History

This chapter examines why access to credit was important for European states and provides extensive new evidence on the evolution of public credit across five centuries, from 1250 to 1750. The ... More


Assessing the City-State Advantage

David Stasavage

in States of Credit: Size, Power, and the Development of European Polities

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140575
eISBN:
9781400838875
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140575.003.0004
Subject:
Economics and Finance, Economic History

This chapter examines whether the difference in the activities of representative assemblies in city-states and territorial states had implications for the evolution of public credit. It first ... More


The Emergence of Public Credit:War, Revenue, and High Politics, 1643–1721

WILLIAM J. ASHWORTH

in Customs and Excise: Trade, Production, and Consumption in England 1640-1845

Published in print:
2003
Published Online:
January 2010
ISBN:
9780199259212
eISBN:
9780191717918
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199259212.003.0002
Subject:
History, British and Irish Early Modern History, Economic History

By the early 19th century, piercing commentary on the corrupting and wasteful effects of war, the expansion of the state, and the intense consumptions of public funds had spread across the country. ... More


So Immense a Power in the Affairs of War: The Restoration of Public Credit

Max M. Edling

in A Hercules in the Cradle: War, Money, and the American State, 1783-1867

Published in print:
2014
Published Online:
May 2015
ISBN:
9780226181578
eISBN:
9780226181608
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226181608.003.0004
Subject:
History, American History: 19th Century

In the modern era public credit is essential to governments’ ability to finance extraordinary expenses such as war. The newly independent United States had so mismanaged its loans that it had earned ... More


Implications for State Formation and Development

David Stasavage

in States of Credit: Size, Power, and the Development of European Polities

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691140575
eISBN:
9781400838875
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691140575.003.0008
Subject:
Economics and Finance, Economic History

This concluding chapter recaps on what the book has investigated: the development of a representative form of government and the establishment of a system of public credit in Europe. It has also ... More


The Retirement of Washington

Stanley Elkins and Eric McKitrick

in The Age of Federalism

Published in print:
1995
Published Online:
October 2011
ISBN:
9780195093810
eISBN:
9780199854127
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195093810.003.0012
Subject:
History, American History: early to 18th Century

This chapter discusses George Washington's Farewell Address first given to the public through the newspapers in September 1796, prior to that year's presidential election. The Address excited a ... More


Priming the pump: The sovereign path towards paying for coin and circulating credit

Christine Desan

in Making Money: Coin, Currency, and the Coming of Capitalism

Published in print:
2014
Published Online:
January 2015
ISBN:
9780198709572
eISBN:
9780191779800
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198709572.003.0007
Subject:
Law, Legal History

The movement towards a radical redesign of money began in the 17th century with the sovereign decision to pay for the minting of coin. It picked up speed with the sovereign determination to borrow by ... More


Pure Credit Economies

Ed Nosal and Guillaume Rocheteau

in Money, Payments, and Liquidity

Published in print:
2011
Published Online:
August 2013
ISBN:
9780262016285
eISBN:
9780262298285
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262016285.003.0002
Subject:
Economics and Finance, Econometrics

This chapter examines pure credit economies. It first focuses on the conditions needed for bilateral credit to be feasible. It also examines a set of socially desirable allocations that can be ... More


The high politics of medieval money: Strong coin, heavy taxes, and the English invention of public credit

Christine Desan

in Making Money: Coin, Currency, and the Coming of Capitalism

Published in print:
2014
Published Online:
January 2015
ISBN:
9780198709572
eISBN:
9780191779800
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198709572.003.0005
Subject:
Law, Legal History

Money functioned as a medium that allowed officials to meet public needs and that served the demands of individuals in daily exchange. That double role put money and its value at the center of ... More


Germaine de Staël and Modern Politics

Biancamaria Fontana

in Germaine de Staël: A Political Portrait

Published in print:
2016
Published Online:
January 2018
ISBN:
9780691169040
eISBN:
9781400880614
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691169040.003.0011
Subject:
History, European Modern History

This concluding chapter explains how Staël belonged, by education and by intellectual choice, to the party of those who preferred to think of change and reform in some continuity with the past. She ... More


1710–1711

Frances Harris

in The General in Winter: The Marlborough-Godolphin Friendship and the Reign of Anne

Published in print:
2017
Published Online:
June 2017
ISBN:
9780198802440
eISBN:
9780191840746
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198802440.003.0013
Subject:
History, British and Irish Early Modern History, Social History

The eleventh chapter traces the downfall of the partnership between Marlborough and Godolphin. The public trial of the High Church demagogue Dr Henry Sacheverell reinforces the perception of a ... More


1703–1704

Frances Harris

in The General in Winter: The Marlborough-Godolphin Friendship and the Reign of Anne

Published in print:
2017
Published Online:
June 2017
ISBN:
9780198802440
eISBN:
9780191840746
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198802440.003.0006
Subject:
History, British and Irish Early Modern History, Social History

The fourth chapter shows the Marlborough-Godolphin partnership challenged by Nottingham for control of grand strategy. The expansion of the war into Portugal, Spain, the Mediterranean, and the ... More


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