Name: Financing Sovereignty. The Poyais Scandal in the Early Nineteenth-Century Atlantic World
Price: 259.70 NZD
Availability: InStock
Author: Damian Clavel
ISBN: 9781503641730

portada Financing Sovereignty. The Poyais Scandal in the Early Nineteenth-Century Atlantic World

Financing Sovereignty. The Poyais Scandal in the Early Nineteenth-Century Atlantic World

Type

Physical Book

Publisher

Stanford University Press

Author

Damian Clavel

Year

2025

Pages

292

Format

Hardcover

Dimensions

15.70 x 23.70 x 2.30 cm

ISBN13

9781503641730

Financing Sovereignty. The Poyais Scandal in the Early Nineteenth-Century Atlantic World

Damian Clavel (Author) · Stanford University Press · Hardcover

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Synopsis "Financing Sovereignty. The Poyais Scandal in the Early Nineteenth-Century Atlantic World"

Financing Sovereignty rewrites the story of one of the great financial frauds of the nineteenth century: Gregor MacGregor, a Scottish mercenary and self-proclaimed cacique of Poyais, borrowed massive sums on the City of London's burgeoning South American sovereign debt market by selling bonds of the State of Poyais. The only problem—Poyais did not exist. At least, that is what MacGregor was quickly accused of by the press and public opinion at the time. From then on, MacGregor has embodied the figure of the swindler par excellence, the con artist behind the most audacious financial fraud in history. In Damian Clavel's deeply researched retelling of the Poyais story, MacGregor is less an unscrupulous adventurer aiming to defraud English investors than a luckless intermediary between Indigenous Miskitu elites and British financiers. From the coasts of Moskitia to the trading floors of London, Clavel traces the genesis, development, and downfall of the Poyais project, detailing how these events were the outcome of a failed attempt to finance the making of a new country in Central America. A microhistory set against the backdrop of global history, Financing Sovereignty offers a new lens through which to view the political, economic, legal, and social dynamics of the nineteenth-century revolutionary, financial, and imperial transformations that took place across the Atlantic.