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The History of the Future in Colonial Mexico$
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Matthew D. O'Hara

Print publication date: 2018

Print ISBN-13: 9780300233933

Published to Yale Scholarship Online: September 2019

DOI: 10.12987/yale/9780300233933.001.0001

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PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 03 August 2021

Money

Money

Chapter:
(p.76) Chapter Four Money
Source:
The History of the Future in Colonial Mexico
Author(s):

Matthew D. O'Hara

Publisher:
Yale University Press
DOI:10.12987/yale/9780300233933.003.0004

This chapter assesses the shift in credit practices and its implications for how colonial subjects experienced the future. Ideas about money and economic relationships had also transformed by the end of the colonial era, leading to a far more flexible system of credit and trade. By 1800 a more liberal market for credit and a new attitude toward risk and just pricing could be found throughout New Spain. Innovative financial instruments created opportunities for sophisticated financial hedging and risk management. Yet custom and values strongly influenced these innovations. They grew out of a tradition in Christian theology in which the church carved out a role for itself as a protector of the poor and where in theory, if not always in practice, its regulatory authority over economic transactions ensured some basic amount of market justice.

Keywords:   credit practices, colonial subjects, just pricing, New Spain, financial instruments, financial hedging, Christian theology, economic transactions, economic relationships, market justice

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