Goods at Pawn

The Overlapping Worlds of Material Possessions and Family Finance in Early Modern Amsterdam

Bibliographic Data

ID11204282
AuthorsAnne E C Mccants (0000-0003-2750-827X, corresponding author)
Year2007
Volume31
Issue2
Pages213-238
Publication date2007-06-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueSocial Science History (JOURNAL)
Journal identifiersISSN: 0145-5532 • E-ISSN: 1527-8034
PublisherDuke University Press (PUBLISHER • US)
DOI10.1215/01455532-2006-021
OpenAlexW4243666572
LanguageEN
Citations received23
References cited33

The pawnshop was a critical component of urban credit networks in early modern Europe, serving as a source of ready cash in an era before there was widespread access to deposit banking and formal consumer loans. This article examines the use of the pawnshop, among other financial strategies, such as shop credit and loans between kin and neighbors, by a sample of poor to middling citizen households in eighteenth-century Amsterdam. It also evaluates the multiple links between consumer behavior and the acquisition of either savings or debt. Petty credit from the pawnshop came at a high price, and its use presumed prior access to consumer goods suitable for pawning. Thus we find that the poorest households did not rely on the pawnshop as often or as extensively as their better-situated peers for whom collateral was more easily obtained. Better-situated households also enjoyed easier access to shop credit, the terms of which were more favorable for the consumer. None of these households, however, were in positions to save to the extent necessary for participation in the larger capital markets of Amsterdam and the world

Business · Capital (architecture · Cash · Collateral · Commerce · Credit card · Debt · Economics · Financial system · Payment · Sample (material · Situated · Sociology · Finance · Historical Economic and Legal Thought · Historical Economic and Social Studies · Marriage and Sexual Relationships

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