Covenanters in Europe and Empire: The Military and Colonial Endeavours of Alexander Shields and Samuel Vetch

By Xiang Wei  In a letter to his mother dated 2 February 1700, Alexander Shields (1659/60–1700), a Covenanting Church of Scotland minister, described the Darien colony (Panama) as ‘a remote, but very pleasant Land, and one of the most fruitful spots of the Earth, where God reigns’. The promising picture of ‘the Rising Sun in […]

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Trade, Political Economy and Empires, or the Triad that Turned Us into Merchants

By Mattia Steardo Fernand Braudel famously argued that the economy was a tripartite system, in which capitalism was forming the upper layer, the world of rich merchants and bankers well-acquainted with political power. Hence, the central question related to the advent of modern economies was to understand how and when the “capitalist sector”, the one […]

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In Search of the First Domino: The Credit Crisis of 1772-1773 in a Global History Perspective

By Patrick van der Geest. @ideesdupasse The credit crisis of 1772-1773 is perhaps the least known financial crisis of the eighteenth century. It took place between two infamous events: the banking crisis of 1763 and the economic turmoil of the American Revolutionary War. Yet it is just as, if not more, historically significant, because it […]

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