Details

Autor(en) / Beteiligte

• Safley, Thomas Max

Titel

Bankruptcy: Financial markets and credit networks

Ist Teil von

• Family Firms and Merchant Capitalism in Early Modern Europe, 2020, p.166-199

Auflage

1

Ort / Verlag

United Kingdom: Routledge

Erscheinungsjahr

2020

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• The bankrupts were imprisoned in the Rathaus, but they were well-attended by their servants and wives; their families continued to live in style, as the creditors freely complained; and the creditors themselves were divided as to how they should proceed. Not least, the bankrupts themselves were far too important to be treated as common – or uncommon – criminals. The Hochstetters were not mere wholesale traders but important industrialists and financiers, who occupied the centers of far-flung capital networks that included princely houses. Negotiations resumed on 1 November 1529, but an outbreak of epidemic disease prevented most of the foreign creditors from attending, and the commission recessed until 6 January 1530. Bankruptcy records reveal that other sources of money expanded this initial investment.