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- Author: Andrew McDiarmid
- Publisher: Routledge
- ISBN-10: 1032791993
- ISBN-13: 9781032791999
- Format: 14 x 21.6 x 0.8 cm, hardcover
- Language: English
- SAVE -10% with code: EXTRA
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Description
For almost 200 years, beginning in the late seventeenth century, the tontine - essentially, a shared investment fund with benefit of survivorship - was a ubiquitous financial instrument.
From meeting rooms to libraries, public baths to theatres, from armies to medicine and on to religion, the scheme was everywhere. While the tontine is known today mainly through fiction (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the real history of how it evolved from a state revenue-raising scheme into a popular private investment and infrastructure financing tool, before being displaced by other financial instruments. Focusing on tontine's early development and with case studies from England, Ireland, France, Scotland, and the United States from the 17th to 19th centuries, 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.
EXTRA 10 % discount with code: EXTRA
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- Author: Andrew McDiarmid
- Publisher: Routledge
- ISBN-10: 1032791993
- ISBN-13: 9781032791999
- Format: 14 x 21.6 x 0.8 cm, hardcover
- Language: English English
For almost 200 years, beginning in the late seventeenth century, the tontine - essentially, a shared investment fund with benefit of survivorship - was a ubiquitous financial instrument.
From meeting rooms to libraries, public baths to theatres, from armies to medicine and on to religion, the scheme was everywhere. While the tontine is known today mainly through fiction (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the real history of how it evolved from a state revenue-raising scheme into a popular private investment and infrastructure financing tool, before being displaced by other financial instruments. Focusing on tontine's early development and with case studies from England, Ireland, France, Scotland, and the United States from the 17th to 19th centuries, 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.
Reviews