 An Early Modern ‘Project’Mabel Winter ()
Chapter Chapter 4 in Banking, Projecting and Politicking in Early Modern England, 2022, pp 83-102 from Palgrave Macmillan Abstract: Abstract The historiography of finance and banking and the historiography of commerce have largely been treated separately for the early modern period. However, Thompson and Company were not just an early deposit bank but incorporated a merchant partnership as well. This chapter argues that Thompson and Company can best be viewed as an early modern ‘project’, an innovative and entrepreneurial scheme that exploited the techniques of commerce and banking under one institution. Furthermore, this central banking project was then used by the partners to facilitate a variety of other joint and singular projects, which were all funded by the bank through loans to the partners themselves. Whilst projects could be highly profitable for everyone involved, there was a fine balance between an honest projector contributing to public good and a dishonest projector seeking only personal gain. Thompson and Company ended up defined by the latter persona. Keywords: Project; Projecting; Partnership; Entrepreneur; Scheme; Innovation; Commerce (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-030-90570-5_4 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-90570-5_4 Access Statistics for this chapter More chapters in Palgrave Studies in Economic History from Palgrave Macmillan |
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