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The Day the King Defaulted
- Financial Lessons from the Stop of the Exchequer in 1672
- Binding:
- Paperback
- Pages:
- 218
- Published:
- October 1, 2017
- Edition:
- 12017
- Dimensions:
- 208x147x25 mm.
- Weight:
- 326 g.
Delivery:
1-2 weeks
Expected delivery: December 5, 2024
Description of The Day the King Defaulted
As with any modern banking crisis, the financial system in 1672 almost collapsed, day-to-day commerce ground to a halt, houses were lost, and ordinary investors suffered-but there was no banking bailout, and no mercy for the goldsmith-bankers who had lent the king millions to fund his unsustainable lifestyle.
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