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11. Making Money: Mathew Boulton and the Industrial Revolution in Coins

Author:
Michael Leger
Publication Date:
12-2022
Content Type:
Case Study
Institution:
Oxford Centre for Global History
Abstract:
When John Wilkinson could not amass enough small-change coins to pay his workers, he set up a tab and a “pay-table” at a local alehouse and instructed his employees to drink several pints until they whittled their wages down.1 Due to coin shortages, workers drank their wages away until their boss had the correct amount of change to give. With nearly one thousand employees, Wilkinson was one of Great Britain’s largest employers at the beginning of the First Industrial Revolution. 2An iron specialist, he invented a machine for boring cast iron, which was instrumental to the development of cannons and the steam engine. Arranging pay-tables at pubs was just one of a handful of ways that industrialists like Wilkinson managed to pay their workers when there was a severe shortage of coins in circulation. Other common methods included long-pay and group-pay, where workers were given high-value coins less frequently, or high-value coins that had to be split among several families. In both cases, figuring out how to break down payment into smaller portions was a hassle. At times, Wilkinson also provided housing and coal in lieu of money. The small change shortage meant it was not only cumbersome for individuals to get paid, but it threatened to stall the economic momentum of the Industrial Revolution. The Royal Mint, for a variety of reasons, failed to supply enough coins for the economy to function. Eventually, Wilkinson, along with a few other leading industrialists, took the initiative and minted their own coins. To pay their workers, industrialists got into the business of literally making money. This marked the beginning of the commercial coin industry that blossomed in the 1780s and 1790s in Great Britain.
Topic:
History, Capitalism, Currency, and Industrial Revolution
Political Geography:
Europe and England

12. Sugar: Sustainability, Consumer Sentiment, and Regulation

Author:
Mimi Goodall
Publication Date:
12-2022
Content Type:
Case Study
Institution:
Oxford Centre for Global History
Abstract:
In September 1591, Queen Elizabeth I of England stopped at the home of the Earl of Hertford, Elvetham Hall in Hampshire, to spend a few nights. The Queen was on her annual progress – an extended trip she took around the country every summer. She would leave her royal residence and stay at the large houses of her courtiers over the course of several months. From these rural locations she would take the time to meet some of the ordinary people living in her kingdom. Having the Queen to stay was a great honour for a courtier, but it was a tremendously expensive occasion. Each residence had to be fit, quite literally, for a queen. Even though she and her companions would only stay for a few nights, it would take weeks to prepare the entertainments, accommodation, and, of course, the food that would be on offer. In September 1591, the Earl of Hertford spared no expense. The second night’s entertainment at Elvetham was reported to be quite the culinary spectacle: 100 torchbearers illuminated a banquet served in the garden, with over 1,000 dishes on the table. The most impressive and curious of them all were statues made from sugar: “Lions, Vnicorns, Beares, Horses, Camels, Buls, Rams, Dogges, Tygers, Elephants, Antelops, Dromedaries, Apes, and all other beasts”, all of them rendered in sugar. Of the thousand dishes at the table, it was the ones made from sugar that were most noteworthy. The Queen famously enjoyed sweet and sugary food. A German visitor to her court described her blackened teeth and blamed the defect on “too great use of sugar”.
Topic:
Regulation, Sustainability, Consumer Behavior, and Sugar
Political Geography:
Europe and England