Credit and Debt in Victorian England Essay -- Victorian Era

reference book and Debt in Victorian EnglandThe majority of Victorian societys economic dealings roll in the hay be summed up in two words credit and debt. These ominous specters, which seemed to haunt Victorian England, were simultaneously able to evoke feelings of delight and doom in their victims of vanity.There were several different factors that contributed to the Victorians propensity to abuse their credit, and as a result, fall deeply into debt. In her essay, A husband and His Wifes Dresses, Erika Rappaport discusses the signifi give noticet role that gender played in the credit and debt epidemic that plagued Victorian society. Rappaport gives a fairly detailed account of the advance of buying on credit in Victorian society. In her essay, Rappaport states that for most of the nineteenth century, consumer credit was still informal and was based on personal depone and a financial and moral assessment of the buyer (165). Essentially, buying on credit was based on social posi tion rather than financial stability. She comments that in the nineteenth century, selling on credit was still a widespread practice, and many of the commodities that filled the Victorians homes and adorned their bodies were bought with its help (167). Rappaport states that buying on credit helped bourgeoisie families on limited income set up households, and that approximately 80 percent of all sales in the small, elite shops of metropolitan districts were offered on credit (167). However, as time progressed, informal store credit became increasingly risky. Consumers began to travel longer distances in order to buy their goods, and it became increasingly less common to conduct task with neighbors and relatives. As a result of these changes, wholesale... ... bills was perpetually in the forefront of the Victorian mindset.Further Linkshttp//www.victorianweb.org/graphics/thackeray/17.1.htmlWorks CitedLandow, George P. Bankruptcy in Victorian England curse or Myth? The Victorian Web . 22 March 2001. 7 Nov. 2004. .Rappaport, Erika. A married man and His Wifes Dresses. The Sex of Things Gender and Consumption in historical Perspective. Ed. Victoria de Grazia with Ellen Furlough. London University of California Press, Ltd., 1996. 163-177.The Victorians Debt Could Get You in Prison. RomanceEverAfter. 7 Nov. 2004. .Williams, Montagu Q.C. London Down East and Up West. The Victorian Dictionary. 1894. 7 Nov. 2004. . Path Finance Money-Lenders. Credit and Debt in Victorian England Essay -- Victorian EraCredit and Debt in Victorian EnglandThe majority of Victorian societys economic dealings can be summed up in two words credit and debt. These ominous specters, which seemed to haunt Victorian England, were simultaneously able to evoke feelings of delight and doom in their victims of vanity.There were several different factors that contributed to the Victorians propensity to abuse their credit, and as a result, fall deeply into debt. In her essay, A Husban d and His Wifes Dresses, Erika Rappaport discusses the significant role that gender played in the credit and debt epidemic that plagued Victorian society. Rappaport gives a fairly detailed account of the furtherance of buying on credit in Victorian society. In her essay, Rappaport states that for most of the nineteenth century, consumer credit was still informal and was based on personal cartel and a financial and moral assessment of the buyer (165). Essentially, buying on credit was based on social position rather than financial stability. She comments that in the nineteenth century, selling on credit was still a widespread practice, and many of the commodities that filled the Victorians homes and adorned their bodies were bought with its help (167). Rappaport states that buying on credit helped middle-class families on limited income set up households, and that approximately 80 percent of all sales in the small, elite shops of metropolitan districts were offered on credit (167). However, as time progressed, informal store credit became increasingly risky. Consumers began to travel longer distances in order to buy their goods, and it became increasingly less common to conduct business line with neighbors and relatives. As a result of these changes, wholesale... ... bills was perpetually in the forefront of the Victorian mindset.Further Linkshttp//www.victorianweb.org/graphics/thackeray/17.1.htmlWorks CitedLandow, George P. Bankruptcy in Victorian England bane or Myth? The Victorian Web. 22 March 2001. 7 Nov. 2004. .Rappaport, Erika. A Husband and His Wifes Dresses. The Sex of Things Gender and Consumption in historic Perspective. Ed. Victoria de Grazia with Ellen Furlough. London University of California Press, Ltd., 1996. 163-177.The Victorians Debt Could Get You in Prison. RomanceEverAfter. 7 Nov. 2004. .Williams, Montagu Q.C. London Down East and Up West. The Victorian Dictionary. 1894. 7 Nov. 2004. . Path Finance Money-Lenders.