What is in a bond? the value of Portugal or the financial origins of the Portuguese Civil War

As bonds left untied make us reflect on the places where we never went, this chapter offers an economic, historical and political meditation on a bond between Portugal and Rothschild that was not tied. By discussing what was not and what might have been, the story offers ways to reflect on what Port...

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Veröffentlicht in:Economic globalization and governance
1. Verfasser: Flandreau, Marc (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 2021
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Zusammenfassung:As bonds left untied make us reflect on the places where we never went, this chapter offers an economic, historical and political meditation on a bond between Portugal and Rothschild that was not tied. By discussing what was not and what might have been, the story offers ways to reflect on what Portugal came to be. On September 27, 1823, the Portuguese Minister of Finance signed a loan contract with B. A. Goldschmidt. I follow this contract and the one with James de Rothschild (which Portugal did not sign) from the date of issue through Goldschmidt's failure (1826) until Portugal's default and the eruption of its Civil War in 1828. I conclude that a Rothschild bond might have escaped default, thus avoiding war.
ISBN:9783030532642