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Financial Elites and European BankingHistorical Perspectives$
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Youssef Cassis and Giuseppe Telesca

Print publication date: 2018

Print ISBN-13: 9780198782797

Published to Oxford Scholarship Online: September 2018

DOI: 10.1093/oso/9780198782797.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 08 April 2020

Reshaping Strategies

Reshaping Strategies

Merchants and Bankers at the Time of the French Revolution

Chapter:
(p.40) 2 Reshaping Strategies
Source:
Financial Elites and European Banking
Author(s):

Niccolò Valmori

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198782797.003.0003

Information and connections are essential elements of the life of market actors. In revolutionary times direct access to limited information and a strong network of connections in the political world are vital to thrive. The chapter analyses the double-sided dimension of information and political connections during the French Revolution through three case studies of merchants and bankers with interests at stake in France. Direct access to information concerning French political life allowed the banker Walter Boyd to enhance his position through his dealings with the wealthy financier Henry Hope; James Bourdieu paid a high price due to his connection with minister Jacques Necker; while the trajectory of Jean-Conrad Hottinguer demonstrates the ability of bankers to build long-lasting relations with political figures and clients during turbulent times.

Keywords:   French East India Company, French Revolution, Haute Banque, information strategy, tobacco trade

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