Before 1689 parliament met relatively infrequently and unpredictably, passing limited amounts of legislation. After that date parliament met annually and enacted a significantly enhanced volume of legislation. By relating attempts to legislate to patterns of acts this transformation is explored at a very general level. Some explanations are advanced, largely by examining institutional arrangements and the subject matter of legislation. Finally, some general observations on the significance of this ‘revolution in parliament’ are advanced.
This major study considers bankruptcy in eighteenth-century England. Typically, business enterprise in this period has been seen as a success story - where men like Boulton, Watt, Wedgwood and Arkwright helped to forge the Industrial Revolution. But this is a myth, for thousands of businesses failed, hounded by their creditors into bankruptcy and ignominy. This book charts their history by looking at the incidence and causes of bankruptcy and by examining contemporary reactions to these. In this way, not only is evidence produced to improve our understanding of the nature of business enterprise, but the dynamics of the eighteenth-century economy over both the short and the long term are uncovered.
The Glorious Revolution of 1688–9 transformed the role of parliament in Britain and its empire. Large numbers of statutes resulted, with most concerning economic activity. Julian Hoppit here provides the first comprehensive account of these acts, revealing how government affected economic life in this critical period prior to the Industrial Revolution, and how economic interests across Britain used legislative authority for their own benefit. Through a series of case studies, he shows how ideas, interests, and information influenced statutory action in practice. Existing frameworks such as 'mercantilism' and the 'fiscal-military state' fail to capture the full richness and structural limitations of how political power influenced Britain's precocious economic development in the period. Instead, finely grained statutory action was the norm, guided more by present needs than any grand plan, with regulatory ambitions constrained by administrative limitations, and some parts of Britain benefiting much more than others.
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