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The Goldsmith-Bankers

In: The Day the King Defaulted

Author

Listed:
  • Moshe Arye Milevsky

    (York University)

Abstract

Explains how and why goldsmiths, who were originally artists and royal jewelers, became full-fledged bankers and financiers during the mid-seventeenth century. Introduces the main goldsmith-bankers of the era, Edward Backwell and Robert Viner, who were caught up in the Stop of the Exchequer in 1672, as well as financiers such as John Banks, who managed to avoid the dire consequences of the crisis. Also addresses the legality of interest and usury in England in the run-up to the default.

Suggested Citation

  • Moshe Arye Milevsky, 2017. "The Goldsmith-Bankers," Springer Books, in: The Day the King Defaulted, chapter 0, pages 51-71, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-59987-8_3
    DOI: 10.1007/978-3-319-59987-8_3
    as

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