From the creator of this website...

a small study of a provincial bankruptcy in 1830.  It is an example of one of the kinds of business failure that were very common, but have been largely overlooked in historical writing.

The story of a bankrupt

Robert Nantes, John Slade of Sherborne, Maltster and Bankrupt: A Case Study of Financial Ruin in Early Nineteenth-Century Dorset, 2nd edn (Sherborne, 2017)

There was nothing exceptional about a brewer or maltster becoming a bankrupt in England in the long eighteenth century. However, what is exceptional about the case of John Slade is that it seems to be the only Dorset bankruptcy in the aforementioned period for which moderately comprehensive records survive. Thanks to John Slade's servants' testimony we get useful insight into a provincial tradesman's personal experience of bankruptcy in 1830.

The story of John Slade started out as script for a local history talk. When the offer of turning the script into a publication was made, it was readily accepted. As the publication and sale of the booklet were intended to raise funds, an eye-catching image for the front cover was required and what is obviously a recent creation was the result. The illustration has been adapted from a watercolour by Thomas Rowlandson and shows part of a sequence of events as it was related in the historical record.

Rather shamelessly I am promoting my own publication.  However, all proceeds from sales of this booklet (40 pages) go to help fund Sherborne Museum.

The booklet is obtainable directly from Sherborne Museum at a cost of £3.50 (+ p&p).  Contact: Sherborne Museum: info@sherbornemuseum.co.uk 



History of Bankruptcy and Insolvency Publications

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Julian Hoppit, Risk and Failure in English Business 1700-1800 (Cambridge, 1987)

For many years now Hoppit's text has been the 'go-to' resource for anyone interested in the history of English bankruptcy.  According to CUP: This major study considers bankruptcy in eighteenth-century England. Typically, business enterprise in this period has been seen as a success story - where men like Boulton, Watt, Wedgwood and Arkwright helped to forge the Industrial Revolution. But this is a myth, for thousands of businesses failed, hounded by their creditors into bankruptcy and ignominy. This book charts their history by looking at the incidence and causes of bankruptcy and by examining contemporary reactions to these. In this way, not only is evidence produced to improve our understanding of the nature of business enterprise, but the dynamics of the eighteenth-century economy over both the short and the long term are uncovered.

Ian P. H. Duffy, Bankruptcy and Insolvency in London During the Industrial Revolution (Abingdon, 2017 [first published 1985])

Focussing more on the early nineteenth century, Duffy's is further essential reading for an understanding of English bankruptcy.  According to this publication's Amazon blurb: This title, first published in 1985, examines the evolution of the laws relating to debt and credit during the industrial revolution. Since economic activity was so precarious during the industrial revolution it is important to explore the legal procedures designed to deal with its victims. This work examines two aspects of financial collapse during the industrial revolution: the legal and institutional framework which defined and regulated it, and bankruptcy itself. This title will be of interest to students of history, law and economics.
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