Debt And Credit Structure List
A viewset for viewing and editing Debt and Credit Structures.
GET /api/sc/debt-and-credit-structures/
{ "count": 28, "next": "https://seshatdata.com/api/sc/debt-and-credit-structures/?page=2", "previous": null, "results": [ { "id": 17, "year_from": 1867, "year_to": 1918, "description": "“Since the founding of an Austrian national bank in 1816, the empire had monopolized the bank’s resources for its own borrowing needs, making it impossible for the bank to meet the credit needs of any but a few other wealthy private clients. The ser vices of some international banking families (Rothschild, Sina, Arnstein Eskeles) were available to Austrian borrowers during this period, but in the 1850s Austria’s finance ministers addressed the problem of capital shortages by creating new banks that could make much larger amounts of credit available to private borrowers.”§REF§(Judson 2016: 231-232) Judson, Pieter M. 2016. The Habsburg Empire: A New History. Cambridge, USA; London, England: The Belknap Press of Harvard University Press. https://www.zotero.org/groups/1051264/seshat_databank/items/BN5TQZBW§REF§ “The debt of the Austrian State to the Austro-Hungarian Bank in direct loans made by the bank to the State amounted at the end of 1919 to 25,088 millions of kronen\", while the debts owed to other the other creditor countries were \"2,696 millions of German Reichsmarks; 42.9 millions of Dutch florins; 20.6 millions of Danish kroner; 7.9 millions of Swedish kroner; 3.6 millions of Bulgarian levas.”§REF§(Mises: “Finance and Banking in the Austrian Empire and the Republic of Austria,”) Mises, Ludwig. “Finance and Banking in the Austrian Empire and the Republic of Austria,” Econlib, accessed September 21, 2022, https://www.econlib.org/library/Mises/msEnc.html. https://www.zotero.org/groups/1051264/seshat_databank/items/BWXZTETZ.§REF§", "note": null, "finalized": false, "created_date": null, "modified_date": "2024-02-20T11:05:13.301263Z", "tag": "TRS", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": false, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "present", "polity": { "id": 567, "name": "at_habsburg_2", "start_year": 1649, "end_year": 1918, "long_name": "Austria - Habsburg Dynasty II", "new_name": "at_habsburg_2", "polity_tag": "LEGACY", "general_description": "The Peace of Westphalia in 1648 ended the Thirty Years' War, the Habsburgs faced the task of consolidating their fragmented territories, this era was marked by a series of succession wars, reflecting the Habsburgs' quest for territorial expansion and dynastic security.§REF§Arndt, Der Dreißigjährige Krieg.<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/PULFEDKX\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: PULFEDKX</b></a>§REF§\r\n\r\nThe beginning of the period saw the outbreak of the War of the Spanish Succession (1700-1714), a conflict over the vast inheritance of the Spanish Habsburgs. The war ended with the Treaties of Utrecht and Rastatt, which, while ceding the Spanish throne to the Bourbon Philip of Anjou, granted the Austrian Habsburgs significant territories in Italy and the Netherlands, reshaping the European balance of power.§REF§Schnettger, Der Spanische Erbfolgekrieg.<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/HK6DTTSH\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: HK6DTTSH</b></a>§REF§\r\n\r\n\r\n\r\n\r\nIn mid-18th century the War of the Austrian Succession (1740-1748) challenged Maria Theresa's right to her father's throne. Despite initial setbacks, including the loss of Silesia to Prussia, Maria Theresa confirmed her rule and laid the foundation for the Habsburg-Lorraine dynasty.§REF§(Austro-Hungarian Monarchy. Kriegsarchiv)<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/WC966X6J\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: WC966X6J</b></a>§REF§\r\n\r\n\r\n\r\n\r\nThe Seven Years' War (1756-1763) further tested the Habsburg power, as Maria Theresa sought to reclaim Silesia and counter Prussia’s rise. This global conflict, stretching from the heart of Europe to distant colonies, ended without altering the Silesian status quo but significantly realigned international alliances, setting the stage for future confrontations.§REF§Danley and Speelman, The Seven Years’ War.<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/AE3M256H\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: AE3M256H</b></a>§REF§\r\n\r\n\r\n\r\n\r\nAt the end of the 18th century, the War of the Bavarian Succession (1778-1779) once again pitted the Habsburgs against Prussia, this time over the strategic region of Bavaria on the question of succession to the Electorate of Bavaria after the extinction of the Bavarian branch of the House of Wittelsbach. The conflict ended with the Treaty of Teschen with only minor gains for the Habsburg monarchy.\r\n§REF§Michael Kotulla, Deutsche Verfassungsgeschichte: vom Alten Reich bis Weimar (1495 - 1934).<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/U84B9DNB\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: U84B9DNB</b></a>§REF§\r\n\r\n\r\nIn the 19th century, the Habsburg Empire faced the challenge of Napoleonic France which resulted in the dissolution of the Holy Roman Empire in 1806 and the establishment of the Austrian Empire in 1804, Francis II became Francis I, Emperor of Austria.§REF§“Germany - Prussia, Napoleon, Reunification | Britannica.”<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/F52JWVA3\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: F52JWVA3</b></a>§REF§\r\n\r\n\r\n\r\n\r\nThe Congress of Vienna in 1815 which laid the foundation of the post Napoleonic order in central Europe. further redefined the Habsburg realm, securing its status as a great power.§REF§Heinz Duchhardt, Der Wiener Kongress: die Neugestaltung Europas 1814/15.<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/KQ7ZZYPE\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: KQ7ZZYPE</b></a>§REF§\r\n\r\n\r\n\r\nThe revolutionary period of 1848, with its calls for liberalization and nationalism, profoundly challenged the imperial status quo, revealing the deep-seated tensions within its multi-ethnic composition.§REF§Dowe, Haupt, and Langewiesche, Europa 1848.<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/ZDEFI38W\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: ZDEFI38W</b></a>§REF§\r\n\r\n\r\n\r\nIn response to these internal upheavals and the growing nationalist movements, “the Ausgleich” of 1867 with Hungary marked a pivotal compromise. This agreement gave rise to the Dual Austro-Hungarian Monarchy (“k. u. k.-Monarchie).\r\n\r\n\r\n\r\n“The Ausgleich (“compromise”) reached with Hungary in 1867 was a major concession for Franz Joseph, and it created the so-called dualist Austria-Hungary that existed until 1918… The arrangement was dualist because it was not federalist. Rather than parceling out the monarchy into a structure in which the Austro-German lands, the Czech lands, Galicia, and Hungary-Croatia would all have roughly equal weight, it was divided simply into two, the Hungarian half and the Austrian half. This latter was not really called “Austria” but rather “Cisleithania,” meaning “beyond the Leitha River,” which was the border between Austria and Hungary. The formal name of the Cisleithanian half was “the countries and realms represented in the Reichsrat,” which gives some indication of the insubstantial basis for common identity of those territories. The governmental link between these two halves was also minimal. Foreign and military policy belonged almost exclusively to Franz Joseph. He retained the power to appoint and dismiss ministers, who thus had only a partial responsibility to parliament, and he could reject laws passed by the Reichsrat. There was a joint financial ministry and tariff regime. But details such as Hungary’s share of the budget could be renegotiated every decade, which led to repeated political conflicts in the years ahead, so dualism’s division of powers was by no means entirely clear. Nearly everything else was separate. There were distinct parliaments for the Cisleithanian and Hungarian halves, and each half had its own administrative, legal, and school systems. The realm was designated as kaiserlich (“imperial”) for the Austrian Empire of Cisleithania and königlich (“royal”) for the Kingdom of Hungary. In practice, dualism meant that the Austro-Germans dominated the other peoples in their half, and the Hungarians the other peoples in theirs. In many ways, Hungary’s weight within the Dual Monarchy only grew after 1867, thanks to economic advances that in turn fed into greater assertiveness on the part of the Magyar elite… Ultimately, even the Austro-Germans and the Hungarians disliked dualism. The former resented Hungarians’ disproportionate weight in the monarchy, while the latter constantly pushed for more autonomy and resisted any changes that would reduce their weight. And virtually all the other national groups detested the arrangement because it unfairly excluded them.” §REF§Berger, Der Österreichisch-ungarische Ausgleich von 1867.<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/7SEQIFJ2\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: 7SEQIFJ2</b></a>§REF§\r\n\r\n\r\n“By the summer of 1918 the Habsburg dynasty’s death knell was ringing… Karl presided impotently over the progressive hollowing out of the whole monarchical state until there was almost nothing left that he actually governed. At the end of October the nearly 400-year-old monarchy dissolved in a matter of weeks. Karl issued a proposal for federalization on 16 October, but he and his idea were already irrelevant by that point. Gyula Andrássy, the last foreign minister of Austria-Hungary, said that the implicit logic behind the final, futile moves taken by the leadership was that “so that no one can kill us, we’ll commit suicide.” The initiative was instead firmly in the hands of the various national groups. On 18 October Romanians in Hungary called for union with the Kingdom of Romania. On the 21st the Germans of the monarchy declared their right to self-determination. On the 28th the Czech National Council declared independence, and on the 30th the new Czechoslovakia was officially formed. On the 29th the Croatian parliament formally dissolved its connections to Austria and Hungary and pledged to join the new Yugoslav kingdom. On the 31st the Ruthenians in Galicia announced their secession. On 1 November the Hungarians proclaimed their ties to the monarchy ended, followed ten days later by Galicia joining the new Polish republic. As all this was happening, Karl was still working at his desk in Schönbrunn, but the palace was mostly empty. Only a few loyal servants remained, since even his bodyguards had left. Finally on 11 November Karl signed papers that he was “temporarily” giving up his powers. He never formally abdicated but went into exile, first in Switzerland. Karl twice tried to retake the throne in Hungary in 1921, but after these unsuccessful attempts he was removed by the British to Madeira, where he died in 1922.”§REF§“Das Ende der Monarchie,” Die Welt der Habsburger, accessed February 4, 2024, https://www.habsburger.net/de/kapitel/das-ende-der-monarchie.<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/G9K39WS5\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: G9K39WS5</b></a>§REF§", "shapefile_name": null, "private_comment": "", "created_date": null, "modified_date": "2024-03-12T09:42:59.315585Z", "home_nga": null, "home_seshat_region": { "id": 15, "name": "Central Europe", "subregions_list": "Germany, Switzerland, Poland, Austria, Hungary, Czechia, Slovakia", "mac_region": { "id": 5, "name": "Europe" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 27, "year_from": 1923, "year_to": 1991, "description": "The state controlled and directed financial resources, including the allocation of credit. Internationally, the Soviet Union engaged in borrowing and lending activities aligned with its ideological and geopolitical objectives. The management of both domestic and international debt and credit was a key aspect of the Soviet Union's economic strategy, reflecting its socialist economic model.§REF§Garvy, George. Money, Financial Flows, and Credit in the Soviet Union. Studies in international economic relations. New York: National Bureau of Economic Research, 1977.<a href=\"https://www.zotero.org/groups/1051264/seshat_databank/items/RP6W84MG\" target=\"_blank\" class=\"fw-bolder\"> <b> Zotero link: RP6W84MG</b></a>§REF§", "note": null, "finalized": false, "created_date": "2023-11-26T09:56:48.336191Z", "modified_date": "2023-11-26T09:56:48.336203Z", "tag": "TRS", "is_disputed": false, "is_uncertain": false, "expert_reviewed": true, "drb_reviewed": false, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "present", "polity": { "id": 601, "name": "ru_soviet_union", "start_year": 1918, "end_year": 1991, "long_name": "Soviet Union", "new_name": "ru_soviet_union", "polity_tag": "LEGACY", "general_description": "", "shapefile_name": null, "private_comment": "", "created_date": null, "modified_date": "2023-12-12T15:11:33.853424Z", "home_nga": null, "home_seshat_region": { "id": 16, "name": "Eastern Europe", "subregions_list": "Belarus, non-Steppe Ukraine and European Russia", "mac_region": { "id": 5, "name": "Europe" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 10, "year_from": null, "year_to": null, "description": " Banks were present across the polity period since the preceding period.", "note": null, "finalized": false, "created_date": null, "modified_date": null, "tag": "TRS", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": null, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "present", "polity": { "id": 575, "name": "us_united_states_of_america_reconstruction", "start_year": 1866, "end_year": 1933, "long_name": "Us Reconstruction-Progressive", "new_name": "us_united_states_of_america_reconstruction", "polity_tag": "LEGACY", "general_description": "", "shapefile_name": null, "private_comment": null, "created_date": null, "modified_date": null, "home_nga": null, "home_seshat_region": { "id": 22, "name": "East Coast", "subregions_list": "East Coast of US", "mac_region": { "id": 7, "name": "North America" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 15, "year_from": null, "year_to": null, "description": " The Bank of England was established in 1694. There were also an increasing number of commercial, mercantile and private creditors in the UK and across the Empire.§REF§(Marshall 2006: 62-63, 296, 384, 423, 432) Marshall, P. J. ed. 2006. The Oxford History of the British Empire: Volume II The Eighteenth Century. Vol. 2, 5 vols. Oxford, New York: Oxford University Press. https://www.zotero.org/groups/1051264/seshat_databank/items/HGG2PPQQ§REF§", "note": null, "finalized": false, "created_date": null, "modified_date": null, "tag": "TRS", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": null, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "present", "polity": { "id": 587, "name": "gb_british_emp_1", "start_year": 1690, "end_year": 1849, "long_name": "British Empire I", "new_name": "gb_british_emp_1", "polity_tag": "LEGACY", "general_description": "<br>The British Empire consisted of the dominions, colonies, protectorates, mandates, and other territories ruled or administered by England (later as Britain after the Union Act of 1707).<br>The foundations of the Empire began in the early seventeenth century when England established overseas trading posts in North America, Africa, India, South Asia and the West Indies. By 1600 the East India Company had already established trading posts in India. In 1661 the first permanent British settlement was made on James Island on the Gambia River in Africa.<br>British American colonies were well established in New England, Virginia, and Maryland by 1670. After a series of wars with France and the Netherlands in the seventeenth century, Britain also acquired Quebec in 1759 and become the dominant colonial power in North America. Following the American War of Independence (1776-83) Britain lost its thirteen American colonies. Many loyalists from the US migrated to Canada, further growing the empire’s colonies there.<br>By 1757 Britain had also become the leading power in the Indian subcontinent, after the East India Company, under the colonial administrator, Robert Clive, defeated the Mughal Empire and overthrew the Nawabs. <br>By the 1840s Britain had acquired more settlements in Australia, and New Zealand became a British domain, while control was extended to islands in the Pacific Ocean such as Fiji, Tonga and Papua.", "shapefile_name": null, "private_comment": "", "created_date": null, "modified_date": "2023-11-20T11:00:44.261539Z", "home_nga": { "id": 15, "name": "Deccan", "subregion": "Central India", "longitude": "76.625407000000", "latitude": "15.386856000000", "capital_city": "Kampli", "nga_code": "DEC", "fao_country": "India", "world_region": "South Asia" }, "home_seshat_region": { "id": 20, "name": "Western Europe", "subregions_list": "British Isles, France, Low Countries", "mac_region": { "id": 5, "name": "Europe" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 19, "year_from": null, "year_to": null, "description": " These structures have not been mentioned in the sources consulted.", "note": null, "finalized": false, "created_date": null, "modified_date": null, "tag": "IFR", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": null, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "absent", "polity": { "id": 305, "name": "ItLombr", "start_year": 568, "end_year": 774, "long_name": "Lombard Kingdom", "new_name": "it_lombard_k", "polity_tag": "LEGACY", "general_description": "<br>The Lombard were a Germanic tribe who, by the end of the 5th century CE, had settled their territory north of the Danube River, which corresponds approximately to the area that is now modern-day Austria. Under the rule of Alboin, the Lombards invaded and migrated to a defenceless Italy in 568 CE, and within a year had conquered and occupied all major cities north of the Po River.§REF§“Lombard | People | Britannica”. https://www.zotero.org/groups/1051264/seshat_databank/items/E6RFZXRD§REF§<br>When they arrived in Italy the Lombards were divided into clans, each with its own war-leader, but by the middle of the seventh century a monarchy had been established which led to a centralised authority which each of the clans ‘dukes’ were answerable to.§REF§Peters 2003: x. https://www.zotero.org/groups/1051264/seshat_databank/items/X4ETPHA7§REF§<br>In 773 CE the Franks under Charlemagne, and in alliance with Pope Adrian I, invaded Italy. After a year of siege they captured the city of Pavia and the Lombards surrendered to Charlemagne. He became the ruler of both the Lombards and the Franks, and Lombardian rule in Italy came to an end.§REF§“Lombard | People | Britannica”. https://www.zotero.org/groups/1051264/seshat_databank/items/E6RFZXRD§REF§", "shapefile_name": null, "private_comment": "", "created_date": null, "modified_date": "2024-03-13T10:38:50.063861Z", "home_nga": null, "home_seshat_region": { "id": 18, "name": "Southern Europe", "subregions_list": "Iberia, Italy", "mac_region": { "id": 5, "name": "Europe" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 20, "year_from": null, "year_to": null, "description": " No evidence of debt and credit structures referred to in the sources consulted.", "note": null, "finalized": false, "created_date": null, "modified_date": null, "tag": "IFR", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": null, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "absent", "polity": { "id": 574, "name": "gb_anglo_saxon", "start_year": 410, "end_year": 926, "long_name": "Anglo-Saxon England I", "new_name": "gb_anglo_saxon_1", "polity_tag": "LEGACY", "general_description": "<br>Anglo-Saxon England existed between the fall of Roman Britain in 410 CE and the quickly subsequent mass migration into the region of the Germanic speaking Angle, Saxon, and Jute tribes from western Europe, until the Norman invasion and conquest of 1066.<br>“The most developed vision of a ‘big’ sub-Roman Britain, with control over its own political and military destiny for well over a century, is that of Kenneth Dark, who has argued that Britain should not be divided during the fifth, and even the bulk of the sixth, century into ‘British’ and ‘Anglo-Saxon’ cultural and/or political provinces, but should be thought of as a generally ‘British’ whole. His thesis, in brief, is to postulate not just survival but continuing cultural, political and military power for the sub-Roman elite, both in the far west (where this view is comparatively uncontroversial) but also in the east, where it has to be imagined alongside incoming settlements. He postulates the sub-Roman community to have been the dominant force in insular affairs right up to c.570. Then, over a sixty year period, but for no very obvious reason, Anglo-Saxon kingship begins to emerge, the English conversion began and, in this scenario, Anglo- Saxon leaders overthrew British power and set about establishing their own kingdoms.”§REF§(Higham 2004: 4) Higham, Nick. ‘From Sub-Roman Britain to Anglo-Saxon England: Debating the Insular Dark Ages’, History Compass 2, no. 1 (2004). https://doi.org/10.1111/j.1478-0542.2004.00085.x. https://www.zotero.org/groups/1051264/seshat_databank/items/XZT7A79K§REF§<br>Anglo-Saxon ‘England’ after the migration of the Germanic tribes from the European mainland was in fact formed of several kingdoms known as the Heptarchy: Wessex, Northumbria, Mercia, East Anglia and the minor kingdoms of Essex, Sussex, and Kent all ruled by different monarchs or dynasties (in the case of the minor kingdoms), and who all at one time or another were allies or enemies, looking to claim more power from the others.<br>The three major kingdoms all looked at one point that they would become the dominant power and unite the kingdoms under one rule; Northumbria in the seventh century and Mercia in the eighth century. But it was the House of Wessex that rose to the greatest power under King Egbert at the beginning of the ninth century. During his reign 802-839 CE Wessex expanded rapidly across the south. It benefitted from its strategic position and its growing wealth enabled the purchase of the best warriors and military technology. It also led the wars against the incoming Viking invasions, whose first raid on the island had taken place in 793 CE. §REF§(Roberts et al 2014: 27) Roberts, Clayton, Roberts, F. David, and Bisson, Douglas. 2014. ‘Anglo-Saxon England: 450–1066’, in A History of England, Volume 1, 6th ed. Routledge. https://www.zotero.org/groups/1051264/seshat_databank/items/P2IHD9U3§REF§<br>Vikings, mainly from Denmark and Norway, raided and conquered territories in East Anglia, Essex and parts of Mercia and Northumbria between the 9th and 11th centuries. From 865 CE the Viking-settled region became known as Danelaw and was granted Danish self-rule in 884 CE under King Guthrum of Norway. Ongoing battles and attempts to expand territory on both sides resulted in the beginning of the breakup of Danelaw in 902 CE when the region of Essex submitted to the rule of King Æthelwald.§REF§(Roberts et al 2014: 27-28) Roberts, Clayton, Roberts, F. David, and Bisson, Douglas. 2014. ‘Anglo-Saxon England: 450–1066’, in A History of England, Volume 1, 6th ed. Routledge. https://www.zotero.org/groups/1051264/seshat_databank/items/P2IHD9U3§REF§<br>The region now known as England was not completely united as a country, the Kingdom of England, until 927 under King Æthelstan, after a drawn-out process of conflict and consolidation. Moreover, Northumbria, the northern most region of England and therefore the most susceptible to invasion by Scandinavian forces, continued to fall in and out of English and Danish rule until 954 when King Eadred brought it fully under English control, where it remained. At the same time, Lothian, the small area which bordered northern Northumbria, was ceded to Scotland as part of the deal.§REF§(Roberts et al 2014: 29-30) Roberts, Clayton, Roberts, F. David, and Bisson, Douglas. 2014. ‘Anglo-Saxon England: 450–1066’, in A History of England, Volume 1, 6th ed. Routledge. https://www.zotero.org/groups/1051264/seshat_databank/items/P2IHD9U3§REF§", "shapefile_name": null, "private_comment": "", "created_date": null, "modified_date": "2023-11-20T10:50:53.730666Z", "home_nga": null, "home_seshat_region": { "id": 20, "name": "Western Europe", "subregions_list": "British Isles, France, Low Countries", "mac_region": { "id": 5, "name": "Europe" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 2, "year_from": null, "year_to": null, "description": " “One feature of the operation of the Atlantic trade which is often overlooked is that credit was not extended only by Europeans to Africans, but often in the opposite direction as well. An English merchant who traded at Whydah in the early eighteenth century before its conquest by Dahomey in 1727, noted that the Whydah traders were happy to grant him credit “for ten days together” when the state of the sea prevented the landing of goods from his ship—though he found the King of Dahomey’s traders after the conquest much less tolerant of such delays.” §REF§Austin, Gareth, et al. “Credit, Currencies, and Culture: African Financial Institutions in Historical Perspective.” The International Journal of African Historical Studies, vol. 34, no. 1, 2001, p. 144: 27. https://www.zotero.org/groups/1051264/seshat_databank/collections/GWWIKDDM/items/SPXH2IUW/collection§REF§ “These accounts seem to imply that such credit was essentially shortterm—being cleared within a few days, or at least at the end of a ship’s trading—but other evidence shows that it could be extended by Africans to Europeans over longer periods. In 1697 the Dutchman Bosman, having got his slaves on board his ship but unable to land the goods to pay for them due to a storm lasting for several days, mooted the idea of dispatching the ship without paying for its slaves. He found the King and “other Great Men” of Whydah quite happy to have him promise “that they receive payment at the arrival of other ships” (though in the event the weather improved, and Bosman was able to pay them in the normal way).” §REF§Austin, Gareth, et al. “Credit, Currencies, and Culture: African Financial Institutions in Historical Perspective.” The International Journal of African Historical Studies, vol. 34, no. 1, 2001, p. 144: 27-28. https://www.zotero.org/groups/1051264/seshat_databank/collections/GWWIKDDM/items/SPXH2IUW/collection§REF§ “Although there is far less evidence in regard to the strictly domestic economy, clearly credit was extended in purely intra-African transactions, as well as in the trade with Europeans. The principal evidence for this relates to the practice of enslaving and selling insolvent debtors, referred to in contemporary European sources from the late seventeenth century onwards. Although generally cast in the language of slavery, such references should probably be interpreted as relating to the pawning of a debtor (or one or more of his household) as security for a debt; in principle, such pawns were distinct from slaves, and were protected from sale into the trans-Atlantic trade, though it is evident that this prohibition was often violated in practice.” §REF§Austin, Gareth, et al. “Credit, Currencies, and Culture: African Financial Institutions in Historical Perspective.” The International Journal of African Historical Studies, vol. 34, no. 1, 2001, p. 144: 30-31. https://www.zotero.org/groups/1051264/seshat_databank/collections/GWWIKDDM/items/SPXH2IUW/collection§REF§", "note": null, "finalized": false, "created_date": null, "modified_date": null, "tag": "TRS", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": null, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "present", "polity": { "id": 662, "name": "ni_whydah_k", "start_year": 1671, "end_year": 1727, "long_name": "Whydah", "new_name": "ni_whydah_k", "polity_tag": "POL_AFR_WEST", "general_description": null, "shapefile_name": null, "private_comment": null, "created_date": null, "modified_date": null, "home_nga": null, "home_seshat_region": { "id": 7, "name": "West Africa", "subregions_list": "From Senegal to Gabon (Tropical)", "mac_region": { "id": 2, "name": "Africa" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 1, "year_from": null, "year_to": null, "description": " \"Though Amsterdam could not profit from the spin-off wealth of the high bureaucracy, its financial power was based on the fact that the merchants of the southern Netherlands came there to establish commercial houses and financial institutions. Amsterdam housed the most important Chamber of the semi-state East India Company, whose dividends averaged 37.5 percent in 1605-1612. A Chamber of Assurance was founded here in 1598, a new bourse in 1608, and a Bank of Exchange in 1609, followed by a Bank of Loans (Bank van Leening) in 1614. These institutions cooperated closely and reinforced each other, the city magistrates controlling them and thus providing a link of information and support. Also, private banking emerged. [...] The other cities had their financial institutions, though not as extensive as Amsterdam. Most had their own Bank van Leening, their own bankers, and of course the receiver of taxes who functioned at times as a banker.\" §REF§(t'Hart 1989: 677-678) Seshat URL: https://www.zotero.org/groups/1051264/seshat_databank/collections/7F5SEVNA/items/B9DVQGBS/collection.§REF§", "note": null, "finalized": false, "created_date": null, "modified_date": null, "tag": "TRS", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": null, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "present", "polity": { "id": 632, "name": "nl_dutch_emp_1", "start_year": 1648, "end_year": 1795, "long_name": "Dutch Empire", "new_name": "nl_dutch_emp_1", "polity_tag": "POL_SA_SI", "general_description": null, "shapefile_name": null, "private_comment": null, "created_date": null, "modified_date": null, "home_nga": null, "home_seshat_region": { "id": 40, "name": "Southern South Asia", "subregions_list": "Southern India and Sri Lanka", "mac_region": { "id": 9, "name": "South Asia" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 3, "year_from": null, "year_to": null, "description": " “One partnership in the 1790s united a trader operating at Buna and Kong, in the middle Volta basin, with another at Katsina, and the latter even had commercial ties in Borno. This is one of the earliest known examples of a practice which appears to have been common among many nineteenth- century merchants in such places as Zinder and Kano. Finally, brokerage firms in Kano, which handled the sale of various salts, provided banking facilities for their clients. These firms, some of which are still in operation after at least two hundred years of business, stored cowries obtained through salt sales while their Borno clients travelled to neighbouring towns to purchase goods. These reserves provided the salt brokers (Hausa: fatoma) with the ability to guarantee short term credit in the transactions which they managed. In some instances, too, the firms extended goods on credit to distributors who sold salt in the streets and villages.” §REF§Lovejoy, P. E. (1974). Interregional Monetary Flows in the Precolonial Trade of Nigeria. The Journal of African History, 15(4), 563–585: 582. https://www.zotero.org/groups/1051264/seshat_databank/collections/GWWIKDDM/items/58ASG655/collection§REF§", "note": null, "finalized": false, "created_date": null, "modified_date": null, "tag": "TRS", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": null, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "present", "polity": { "id": 670, "name": "ni_bornu_emp", "start_year": 1380, "end_year": 1893, "long_name": "Kanem-Borno", "new_name": "ni_bornu_emp", "polity_tag": "POL_AFR_WEST", "general_description": null, "shapefile_name": null, "private_comment": null, "created_date": null, "modified_date": null, "home_nga": null, "home_seshat_region": { "id": 7, "name": "West Africa", "subregions_list": "From Senegal to Gabon (Tropical)", "mac_region": { "id": 2, "name": "Africa" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] }, { "id": 11, "year_from": null, "year_to": null, "description": " Banks were present across the polity period.", "note": null, "finalized": false, "created_date": null, "modified_date": null, "tag": "TRS", "is_disputed": false, "is_uncertain": false, "expert_reviewed": false, "drb_reviewed": null, "name": "Debt_and_credit_structure", "debt_and_credit_structure": "present", "polity": { "id": 563, "name": "us_antebellum", "start_year": 1776, "end_year": 1865, "long_name": "Antebellum US", "new_name": "us_antebellum", "polity_tag": "LEGACY", "general_description": "<br>This polity period spans from American Independence in 1776 following the American Revolution, until 1865 with the end of the American Civil War.", "shapefile_name": null, "private_comment": null, "created_date": null, "modified_date": null, "home_nga": null, "home_seshat_region": { "id": 22, "name": "East Coast", "subregions_list": "East Coast of US", "mac_region": { "id": 7, "name": "North America" } }, "private_comment_n": { "id": 1, "text": "NO_PRIVATE_COMMENTS" } }, "comment": null, "private_comment": { "id": 1, "text": "NO_PRIVATE_COMMENTS" }, "citations": [], "curator": [] } ] }