To what extent was the growth of banking and insurance
responsible for the expansion of the Stuart economy in the
years 1625-88?
Banking and insurance
Maritime insurance/fire insurance
Insurance protected people from risk. Insurance, along with
goldsmith bankers and money scriveners gave people confidence to
invest.
England was emerging as one of the world’s leading trading countries
and this further stimulated the banking and insurance sectors.
English ships that carried goods all around the world were insured by
English Banks or by specialist insurance companies.
Property/fire insurance also developed – mainly due to the great fire
of London.
Some of the things mentioned above started towards the end of
period we are looking at and therefore go beyond the year where
our essay ends. These things were overall more significant long term
than short term.
Agriculture
Growing population encouraged agricultural improvement.
Enclosure
Land under production.
responsible for the expansion of the Stuart economy in the
years 1625-88?
Banking and insurance
Maritime insurance/fire insurance
Insurance protected people from risk. Insurance, along with
goldsmith bankers and money scriveners gave people confidence to
invest.
England was emerging as one of the world’s leading trading countries
and this further stimulated the banking and insurance sectors.
English ships that carried goods all around the world were insured by
English Banks or by specialist insurance companies.
Property/fire insurance also developed – mainly due to the great fire
of London.
Some of the things mentioned above started towards the end of
period we are looking at and therefore go beyond the year where
our essay ends. These things were overall more significant long term
than short term.
Agriculture
Growing population encouraged agricultural improvement.
Enclosure
Land under production.
