Yet however remarkable that achievement, it is eclipsed
Citations (1)
- The Rise and Fall of the Great Powers whole source · open book
By 1780, however, when the Dutch entered the war on France’s side, the British government found that the strength of its own economy and the availability of domestic capital were such that its loans could be almost completely taken up by domestic investors. The sheer dimensions—and ultimate success—of Britain’s capacity to raise war loans can be summarized as in Table 2. Table 2.
chapter: The “Financial Revolution”