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The 1624 Tumult of Mexico in Perspective (c. 1620–1650)

Authority and Conflict Resolution in the Iberian Atlantic

Series:

Angela Ballone

In The 1624 Tumult of Mexico in Perspective Angela Ballone offers, for the first time, a comprehensive study of an understudied period of Mexican early modern history. By looking at the mandates of three viceroys who, to varying degrees, participated in the events surrounding the Tumult, the book discusses royal authority from a transatlantic perspective that encompasses both sides of the Iberian Atlantic. Considering the similarities and tensions that coexisted in the Iberian Atlantic, Ballone offers a thorough reassessment of current historiography on the Tumult proving that, despite the conflicts and arguments underlying the disturbances, there was never any intention to do away with the king’s authority in New Spain.

The Chinese Cornerstone of Modern Banking

The Canton Guaranty System and the Origins of Bank Deposit Insurance 1780-1933

Series:

Frederic Delano Grant, Jr.

Modern bank insurance is traced to its roots in The Chinese Cornerstone of Modern Banking: The Canton Guaranty System and the Origins of Bank Deposit Insurance 1780-1933. Frederic Delano Grant, Jr. provides new understandings of the Canton System, collective responsibility for debt at Canton, and the history of deposit insurance.

The Canton Guaranty System inspired radical reform in New York in 1829 – the ancestor of all modern deposit insurance. Yet it was never the success imagined, and soon failed. In the Opium War, the Chinese government as implicit guarantor was forced to pay its debts in full on 23 July 1843. The afflictions of the Chinese system, including moral hazard, too big to fail, and unenforced laws, remain familiar today.