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The introduction describes the aims and approach taken in this book. This is a study of money as social technology in the early modern world, written from the vantage point of the Dutch Republic. It aims to view early modern money 'from the inside' by studying everyday practices of makers and users of money, especially in a rural society in the east of the Dutch Republic. It analyses how public institutions (through minters, assayers, and government officials) and private individuals (farmers, merchants, and accountants) interacted in the creation and maintenance of Europe’s system of currencies. The specific focus of this book is on accounting practices and practices of material scrutiny because they offer a key to understanding the internal logic of early modern money.
Chapter 5 examines taxonomic practices of merchants and other users of money to better understand how early modern coins worked in circulation. After-death inventories offer insights into people’s domestic taxonomies, that is, into practices of classifying, labelling, and compartmentalising the money that people encountered as they went about their lives. Mercantile and institutional account books show how people linked different currencies. Assayers’ conclusions, derived from testing tiny specks of matter, were disseminated widely in broadsheets, coin tariffs, and conversion tables, but also in privately collated notes and letters. This information allowed early modern people to relate coins to one another and to convert them into monies of account which were much more homogeneous. This work was more than merely coping with chaos. People’s ability to match coins with transaction types and geography marked out circuits for specific currencies. The spaces in which currencies like the Dutch guilder could circulate freely thus emerged from the ground up. Users’ taxonomic practices were just as crucial for upholding monetary order as the knowledge work performed by assayers, minters, and government officials.
The Dutch Republic was an important hub in the early modern world-economy, a place where hundreds of monies were used alongside each other. Sebastian Felten explores regional, European and global circuits of exchange by analysing everyday practices in Dutch cities and villages in the period 1600-1850. He reveals how for peasants and craftsmen, stewards and churchmen, merchants and metallurgists, money was an everyday social technology that helped them to carve out a livelihood. With vivid examples of accounting and assaying practices, Felten offers a key to understanding the internal logic of early modern money. This book uses new archival evidence and an approach informed by the history of technology to show how plural currencies gave early modern users considerable agency. It explores how the move to uniform national currency limited this agency in the nineteenth century and thus helps us make sense of the new plurality of payments systems today.
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