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SUMMARY:A Run on the Bank of the Person: A crisis in London's informal cre
 dit market\, 1761 - Alexander Wakelam\, Cambridge
DTSTART:20240125T170000Z
DTEND:20240125T190000Z
UID:TALK211072@talks.cam.ac.uk
CONTACT:Amy Erickson
DESCRIPTION:In the summer of 1761\, London commerce appeared on the verge 
 of collapse. Newspapers spoke of the end of trade\, thousands were hurried
  into debtors’ prison\, and civic authorities demanded the immediate int
 ervention of parliament. As quickly as the Compulsive Clause crisis arose 
 – a result of misinterpretation of otherwise mundane insolvency legislat
 ion – it was forgotten\, commerce restored unaltered as if nothing had o
 ccurred. This paper examines this previously unexplored panic in informal 
 credit networks to reveal the surprising fragility of mid-century trade an
 d highlight the contribution of population growth in the development of mo
 dern transactional mechanisms.
LOCATION:History Faculty Room 11
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