Walcot, Clare (2003) Figuring finance : London's new financial world and the iconography of speculation, circa 1689-1763. PhD thesis, University of Warwick.

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Abstract

This thesis examines the ways in which the new financial world of early
eighteenth-century London was interpreted, understood and represented through
visual forms. The focus of the thesis is on the years between circa 1689 and 1763;
that is from the Nine Years War, when deficit finance was first established, until
the end of the Seven Years War, by which point its existence was more broadly
accepted. It argues that these financial innovations had a determining impact upon
the production of visual imagery, especially that produced by the London print
market, and that images themselves were instrumental in the debates generated by
an increasingly speculative financial world.
Following an introduction establishing the aims, methods and scope of the
thesis, the chapters take the form of a series of thematic studies chosen to address
key issues and images. Chapter one examines the depiction of the Royal
Exchange and Exchange Alley in a range of polite topographical prints and
graphic satires. This allows for an overview of desirable and disreputable
representations of commercial conduct. Chapter two takes as its theme the early
years of the Bank of England, East India Company and South Sea Company as
principal government creditors. It looks at their rivalry for a position in public
finance and the image each company promoted through the premises they built
between 1725 and 1734. The third chapter considers the establishment of the
national debt and its early management. Graphic satires feature prominently in
effecting visual retribution on those suspected of financial misconduct. In Chapter
four the state lottery is examined as a form of generating revenue directly from the
public and considers the part played by graphic products in questioning this
government-sanctioned speculation. The fifth chapter is concerned with the
representation of gaming and examines the ways in which it might be adapted to
signify both virtuous and inappropriate economic conduct. The concluding
chapter focuses on the response of the print market and the press to the turnaround
in fortunes in the Seven Years War and how they register an apparent acceptance
of the new financial institutions and developments of the preceding half-century.

Item Type:	Thesis (PhD)
Subjects:	D History General and Old World > DA Great Britain N Fine Arts > N Visual arts (General) For photography, see TR
Library of Congress Subject Headings (LCSH):	Finance -- England -- London -- History -- 17th century, Finance -- England -- London -- History -- 18th century, Finance -- In art, London (England) -- In art
Official Date:	September 2003
Dates:	Date Event September 2003 Submitted
Institution:	University of Warwick
Theses Department:	Department of History of Art
Thesis Type:	PhD
Publication Status:	Unpublished
Sponsors:	Arts and Humanities Research Board (Great Britain) (AHRB)
Description:	This is an abridged version for electronic use, lacking Volume 2 due to copyright restrictions; please see the official URL for details on how to access the full version.
Extent:	2 v.
Language:	eng

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