Imprisonment for Debt and Female Financial Failure in the long Eighteenth Century
type: CreativeWork
description: This thesis investigates the economic accountability of women in eighteenth-century England, particularly within the informal credit market. In the past few decades, substantial scholarship has demonstrated women’s regular involvement in active income generation. At all levels of the economy – from servants to investors – and stages of working life – from training to retirement – women have been shown to have engaged in a far more active manner than was previously appreciated. Older narratives of working opportunities being eroded by capitalism or the industrial revolution have been significantly challenged and the continuity of women’s work largely demonstrated, with women whether single or married trading under their name, sometimes with phenomenal success. However, there have been no detailed examinations of how, or even if, women were held accountable when their business was not successful and failed. This thesis examines the extents to which women were held accountable for their own failures, asserting that, to understand female business in this period, it is not merely enough to prove its continued existence. The degree and extent of female business independence must also be determined. To achieve this it focusses on the often underappreciated role that debtors’ prisons played in the eighteenth-century economy. Bankruptcy, traditionally the mechanism used to examine failure and insolvency, was artificially restricted during the period to those owing over £100 and who were defined as a ‘trader’ by a 1571 statute. Therefore principally only the wealthier merchants went bankrupt. Debtors’ prisons were much less restrictive. Anyone owing over £2 could be imprisoned indefinitely under the common law on a pre-trial basis with little guarantee that trial would ever take place. However, debtors’ prisons have received little scholarly attention due to untested assumptions about their lack of effectiveness. That which exists has focussed upon conditions or reform and ha…
abstract: This thesis investigates the economic accountability of women in eighteenth-century England, particularly within the informal credit market. In the past few decades, substantial scholarship has demonstrated women’s regular involvement in active income generation. At all levels of the economy – from servants to investors – and stages of working life – from training to retirement – women have been shown to have engaged in a far more active manner than was previously appreciated. Older narratives of working opportunities being eroded by capitalism or the industrial revolution have been significantly challenged and the continuity of women’s work largely demonstrated, with women whether single or married trading under their name, sometimes with phenomenal success. However, there have been no detailed examinations of how, or even if, women were held accountable when their business was not successful and failed. This thesis examines the extents to which women were held accountable for their own failures, asserting that, to understand female business in this period, it is not merely enough to prove its continued existence. The degree and extent of female business independence must also be determined. To achieve this it focusses on the often underappreciated role that debtors’ prisons played in the eighteenth-century economy. Bankruptcy, traditionally the mechanism used to examine failure and insolvency, was artificially restricted during the period to those owing over £100 and who were defined as a ‘trader’ by a 1571 statute. Therefore principally only the wealthier merchants went bankrupt. Debtors’ prisons were much less restrictive. Anyone owing over £2 could be imprisoned indefinitely under the common law on a pre-trial basis with little guarantee that trial would ever take place. However, debtors’ prisons have received little scholarly attention due to untested assumptions about their lack of effectiveness. That which exists has focussed upon conditions or reform and ha…
author: Wakelam, Alexander
language: en
keywords: Debt, Prisons, Early Modern, Eighteenth Century, England, Women's History, Financial History, Credit, Accountability, Debtors' Prison
license: https://apollo8-f-pro.lib.cam.ac.uk/bitstreams/6f56954b-5c18-4af7-a2f3-25c036746b32/download
license: https://www.rioxx.net/licenses/all-rights-reserved/
date published: 2019-04-27
date modified: 2026-07-22T22:24:08Z
provider: Cambridge University
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Cambridge

PropertyValue
property ID: DOI
value: 10.17863/CAM.37489