Day the King Defaulted

Day the King Defaulted

Financial Lessons from the Stop of the Exchequer in 1672

Milevsky, Moshe Arye

Springer International Publishing AG

10/2017

218

Mole

Inglês

9783319599861

15 a 20 dias

As with any modern banking crisis, the financial system in 1672 almost collapsed, day-to-day commerce ground to a halt, houses were lost, and ordinary investors suffered-but there was no banking bailout, and no mercy for the goldsmith-bankers who had lent the king millions to fund his unsustainable lifestyle.
1. Bankers Then and Now2. Dramatis Personae3. The Goldsmith-Bankers4. Personal Finances of a King5. Paid Upon Orders from the Treasury6. Diary of a Default7. Concluding Thoughts for the 21st Century
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