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Gentlemen of Uncertain FortuneHow Younger Sons Made Their Way in Jane Austen's England$
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Rory Muir

Print publication date: 2019

Print ISBN-13: 9780300244311

Published to Yale Scholarship Online: May 2020

DOI: 10.12987/yale/9780300244311.001.0001

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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: 16 September 2021

Banking and Commerce

Banking and Commerce

Chapter:
(p.132) Chapter Seven Banking and Commerce
Source:
Gentlemen of Uncertain Fortune
Author(s):

Rory Muir

Publisher:
Yale University Press
DOI:10.12987/yale/9780300244311.003.0007

This chapter discusses banking and commerce. Banking and commerce were risky activities in the early nineteenth century. For instance, of the thirteen nabobs who invested their Indian wealth in banks and sat in the Commons between 1790 and 1820, no fewer than five saw the bank fail and lost at least part of their fortune. It was this insecurity that helped underpin the social prejudice against trade. A landed gentlemen might prove a wastrel and ruin his estate, but most of his land was generally entailed, and even if it was not, his extravagance could be detected well before the final crash. But a merchant or a banker might appear prosperous and secure until, overnight, his fortune vanished or at least was severely reduced.

Keywords:   banking, commerce, nabobs, India, trade, banks, merchants, bankers

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