Details

Autor(en) / Beteiligte

• GREEN, DAVID R.

Titel

Tontines, annuities and civic improvements in Georgian Britain

Ist Teil von

• Urban history, 2019-11, Vol.46 (4), p.649-694

Ort / Verlag

Cambridge, UK: Cambridge University Press

Erscheinungsjahr

2019

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• Civic improvement in Georgian Britain required significant amounts of capital. Tontines were an important means of financing projects. This article provides new evidence based largely on local newspapers that demonstrates their local and national importance for mutual assurance and building. Shifts in profitability depended on the price of Consols and this explains why building tontines increased in importance. Tontines were used to fund new leisure spaces, workhouses, prisons, bridges, streets and other improvements. Their popularity waned in the later nineteenth century but until then they were an important means of funding civic improvements.