Jump to ContentJump to Main Navigation
Credit NationProperty Laws and Institutions in Early America$
Users without a subscription are not able to see the full content.

Claire Priest

Print publication date: 2021

Print ISBN-13: 9780691158761

Published to Princeton Scholarship Online: September 2021

DOI: 10.23943/princeton/9780691158761.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 20 May 2022

Introduction

Introduction

Chapter:
(p.1) Introduction
Source:
Credit Nation
Author(s):

Claire Priest

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691158761.003.0001

This introductory chapter provides an overview of the origins of the credit economy in the United States. The British American colonial credit economy must be understood as part of the broader financial revolution of the seventeenth and eighteenth centuries. There were many facets to the eighteenth-century economy: from the politics of empire, to the revolution in government finance, to the Atlantic slave trade, to legal reforms related to land. One pivotal moment was Parliament's Stamp Act of 1765, which many historians view as the act that triggered the American Revolution. The book suggests that the legal commodification of land and slaves as collateral and the creation of legal institutions for recording property titles and foreclosing on mortgages and debts were important underpinnings of the future capitalist society.

Keywords:   colonial America, credit economy, financial revolution, government finance, Atlantic slave trade, Stamp Act, American Revolution, slavery, property laws, American capitalism

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.