HIST1077 Lecture Notes - Lecture 19: Credit Risk, Political Question
Document Summary
Lecture 21 (wed. 11/18): what new kind of dependence is produced by american political independence, what"s everyone talking about at the dinner party arthur young attends in paris? are these thing being done for the public good. New leasers come to power revolution in european states borrow 1700s. 1300s borrow form bankers in genoa with gold. King negotiates with small group of expert lenders elite private process with few people involved non government, non institutionalized. 18th century leaders to government are big banks. D. 3. d) ernment to go to war? (conspiracies and fear) Jews, foreigners, french protestants - people not traditionally involved in political. Us independence is dependent on foreign held debt. France lends us 9m (173b today) in the course of independence (20% of french he is a farmer and focuses on agriculture not just interested in scientific aspects of farming but also political frameworks.
