The Tontine: A History
商品資訊
系列名:Routledge Focus on Financial History
ISBN13:9781032791999
出版社:PBKTYFRL
作者:Andrew (University of Dundee McDiarmid United Kingdom)
出版日:2024/09/25
裝訂/頁數:精裝/128頁
規格:13.8cm*21.6cm (高/寬)
商品簡介
From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrument. As a revenue-raising tool of governments it supported the cost of war, and as a private capital-raising instrument it provided funding for civic improvement and urban development projects.
While the tontine is known today mainly through fictional works (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the history of how it evolved from a public revenue-raising scheme into a popular private investment and infrastructure financing tool, before it was displaced by cheaper forms of borrowing. Focusing on the early development of the tontine, and with European and North American case studies, the narrative brings to life the story of a little-understood financial innovation.
This concise and engaging book is an ideal introduction to the history of the tontine for all readers interested in financial history.
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