The Management of the National Debt of the United Kingdom 1900-1932

The Management of the National Debt of the United Kingdom 1900-1932

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This impressive and pioneering work describes and analyses the management of the national debt of the United Kingdom from the Boer War (1899-1902) to the period of the Great Depression in the early 1930s. It therefore spans the expansion of the debt during the Great War of 1914-18 and the struggle to bring its structure and cost under control in the decade and a half following Armistice. The Management of the National Debt in the United Kingdom is the first definitive work on the subject. Using an impressive array of research, from archives and unpublished material, Jeremy Wormell has brought together material that is unavailable in any other form. It will be an invaluable resource for political and economic historians, as well as economists in general, civil servants, bankers and financial more

Product details

  • Paperback | 836 pages
  • 156.03 x 233.68mm | 1,546.75g
  • Taylor & Francis Ltd
  • London, United Kingdom
  • English
  • black & white tables
  • 113899555X
  • 9781138995550

Table of contents

Part I. The foundations of the twentieth-century debt 1. Sinking funds, annuities and savings banks 2. An Edwardian debt Part II. The Great War 3. Lloyd George's Loan 4. McKenna's conversion 5. The small saver and continuous borrowing 6. The beginning of overseas borrowing and the Anglo-French Loan 7. The year of drift: internal borrowing in 1916 8. The year of drift: external borrowing in 1916 9. External borrowing 1917-18: (I) the United States of America 10. External borrowing 1917-18: (II) the neutrals, Canada and silver 11. Bonar Law's Loans 12. National War Bonds and continuous borrowing Part III. Repayment, refinancing, conversion and funding 13. Victory and funding 14. The struggle for internal control, 1919-23 15. The external market and Canada 16. The debt to the US Treasury and the Blackett-Rathbone talks 17. The Balfour Note and the Baldwin Settlement 18. The price of indebtedness, 1924-31 19. The great conversion 20. Savings Certificates, savings banks and capital advances 21. Debt repayment and the sinking funds 22. The development of market managementshow more