Barings Bank, William Bingham and the Rise of the American Nation: A Transatlantic Relationship from the Revolutionary War through the Louisiana Purchase

Barings Bank, William Bingham and the Rise of the American Nation: A Transatlantic Relationship from the Revolutionary War through the Louisiana Purchase

by David Tearle

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Overview

Barings Bank, William Bingham and the Rise of the American Nation: A Transatlantic Relationship from the Revolutionary War through the Louisiana Purchase by David Tearle

In 1775 John and Francis Baring & Company was just one of many merchant houses in London riding the wave of expanding world trade. By 1803, Baring Brothers Bank and its Dutch associate had financed the Louisiana Purchase, a remarkable achievement due in no small part to the bank’s connections in particular with wealthy Philadelphia merchant and later senator William Bingham.
This book describes the events and relationships that established Barings as the world’s first merchant bank and how it played a major role in transforming the United States into an international superpower. Appendices examine the genealogy of the Baring, Bingham, and Willing families; the impact of these banking pioneers on English aristocracy; the life of Anne Willing Bingham; and information on locations featured in the book, among other topics.

Product Details

ISBN-13: 9780786444373
Publisher: McFarland & Company, Incorporated Publishers
Publication date: 11/25/2009
Pages: 248
Product dimensions: 6.00(w) x 9.00(h) x 0.80(d)

About the Author

David Tearle, a professional engineer and businessman, lives on England’s south Devon coast.

Table of Contents

Table of Contents



Acknowledgments v

Preface 1



1. Early Days in England 5

2. Early Days in Philadelphia 14

3. Trouble Brewing 23

4. City Tavern—The Eve of War 32

5. The Secret War—A Parisian in America 37

6. William Bingham’s Martinico Odyssey 41

7. Willing, Morris and Bingham, Supplying Washington’s Army 50

8. Benjamin Franklin, an American in Paris 62

9. Barings, Hopes and the Triple Alliance 68

10. Bingham Returns to Philadelphia 77

11. Mr. and Mrs. Bingham 82

12. The Grand Tour 90

13. New Country, New Constitution 101

14. Property Fever 112

15. Sir Francis Baring, Bart. 118

16. Bingham and Baring Strike a Deal 125

17. Barings and Bingham, American Consolidation 135

18. The Death of Anne Bingham and a Turning Point 144

19. The Louisiana Purchase 153

20. Finale, a Concluding Commentary 164

21. Epilogue 170



Appendix A—The Historical Value of Money 175

Appendix B—Genealogy 176

Appendix C—Heritage Locations 184

Appendix D—Anne Willing Bingham 187

Appendix E—Baring and Bingham’s Aristocracy 192

Appendix F—William Bingham and the Pilgrim Affair 194

Chapter Notes 197

Bibliography 229

Index 235

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