A throwback to lecture 6: calling in the consols

"In 1888, Chancellor George Goschen converted bonds first issued in 1752 and used to finance the Napoleonic and Crimean Wars, the Slavery Abolition Act in 1835 and the Irish Distress Loan in 1847. This debt will be repaid through the redemption of the 4% Consols, the UK Treasury said in a statement."


http://www.ft.com/intl/fastft/229142/uk-repay-loans-from-wwi-south-sea-bubble

The nature of the American mix of peoples

http://www.nytimes.com/2014/10/26/world/americas/negro-prieto-moreno-a-question-of-identity-for-black-mexicans.html?smprod=nytcore-iphone&smid=nytcore-iphone-share

Second paper prompt

"What did the 1st global economy look like in the New World? Why did it start to collapse?"