The Interconnected Nature of Family Indebtedness: The Halliday Family of Frome, Somerset (1733–1752)

In: Enterprise & society: the international journal of business history, S. 1-27

Abstract

This article analyzes a single bankruptcy case—Hancock v Halliday(1742–1752)—as it was litigated in the Court of Chancery across a ten-year period. By incorporating local sources, the work attempts to move away from assumptions surrounding the "implicit contract" of family, and to provide a more nuanced analysis of "family strategies" in action. I argue that business historians—looking at networks—and economic and social historians—analyzing the use and implementation of credit—should continue to explore the divisions within families, which will help to reemphasize the role of women within business transactions and the wider credit-based economy. Ultimately, this article makes a significant contribution to the burgeoning scholarship on the negative aspects of familial networks of credit and debt, demonstrating how the complex and multifaceted nature of family indebtedness has been overlooked, and misunderstood, in the existing literature.