Parliament, Naval Spending and the Public

During the period from 1689 to 1713 England and France fought two long wars which put their financial capabilities to an extreme test. England met the challenge with a reliable system of long-term credit. Less well known but equally important was England's achievement in managing short-term debt (this article chiefly examines the navy's) by methods that were centralised and transparent. In France issuance of short-term paper during the 1702-1713 war proliferated, and arrangements for dealing with it – half-public, half-private, decentralised and obscure – became imbedded. The contrasting financial inheritances had notable consequences

Debt · Economic history · Economics · Financial system · Navy · Parliament · Political science · Politics · Public spending · Term (time · American Constitutional Law and Politics · Colonialism, slavery, and trade · Historical Economic and Social Studies · History · Law · Finance

• Monarchy and Revolution

  Open Access•J R Western•Monarchy and Revolution•1972

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• The Sinews of Power

  John Brewer, John D Brewer•Sinews of Power•2002

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• The country persuasion and political responsibility in England in the 1690s∗

  COLIN BROOKS•Parliaments Estates and…•1984

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• Finding the Money

  Open Access•William Deringer, William Peter Deringer•Journal of British Studies•2013

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• The Commission of Public Accounts and the formation of the Country Party

  J A Downie•The English Historical Review•1976

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