Skip to main content Accessibility help
×
Hostname: page-component-78c5997874-8bhkd Total loading time: 0 Render date: 2024-11-06T07:44:40.720Z Has data issue: false hasContentIssue false

8 - A Broker’s Advice

Credit Networks and Mortgage Risk in the Eighteenth-Century Empire

Published online by Cambridge University Press:  10 August 2020

Michael Lobban
Affiliation:
London School of Economics and Political Science
Ian Williams
Affiliation:
University College London
Get access

Summary

This chapter analyzes the development of the mortgage among the new market practices, and new financial instruments, that were critical to the growth of the “empire of credit” stretching across the eighteenth-century Atlantic. The mortgage was an especially important part of this new credit economy because it lay at the nexus between landed and commercial wealth, and played a generative role in financing improvement and diversification. It is not surprising, then, that mortgage law, as a critical component of finance and credit relations, saw real development in this same period. This essay compares and connects the work of brokers, lawyers, and judges who constructed and evaluated mortgage deals, and examines the transmission and testing of the doctrine of the equity of redemption. Particular attention is paid to challenges to the operation of mortgage doctrine in Ireland, and other parts of the British empire, and what these signify for the broader history of legal and economic development in the eighteenth century.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×