In the period from the Crimea War to the end of the 1st World War there was a massive increase in the size of British National Debt. These volumes chart the history of the debt during this period. They explore why the debt grew, and how it was accomodated. Particular attention is paid to the creation of the financial instruments necessary to sustain the debt. For the bulk of the period the pre-occupation was with repaying the debt, and the set discusses the measures considered for this purpose. However with the end of the set and Keynes' arrival in the treasury came the final acceptance that high levels of national indebtedness were going to be a permanent feature of national economies. The documents reproduced illustrate the origins and characteristics of the securities on which the government borrowed, and how the terms were adapted as the Treasury and Bank of England sought to widen their market and attract new investors.
Introduction by:
Jeremy Wormell Imprint: Routledge Country of Publication: United Kingdom Dimensions:
Height: 246mm,
Width: 174mm,
Spine: 216mm
Weight: 7.506kg ISBN:9780415195782 ISBN 10: 0415195780 Pages: 2924 Publication Date:22 July 1999 Audience:
College/higher education
,
Professional and scholarly
,
Professional & Vocational
,
A / AS level
,
Further / Higher Education
Format:Mixed media product Publisher's Status: Active
Areas Covered History and background Changes in size and composition of the debt Origins and characteristics of the securities Origins of the war savings movement and the growth of the small saver Arrangements for repayment from sinking funds Methods of distribution and sale Savings culture and the Capital Levy Borrowing in New York in 1915 and 1916 Borrowing from the US Treasury and the funding of the debt after 1918