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‘Lines of credit, debts of obligation’: migrant remittances to Britain, c.1875–1913 1
Author(s) -
MAGEE GARY B.,
THOMPSON ANDREW S.
Publication year - 2006
Publication title -
the economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.014
H-Index - 49
eISSN - 1468-0289
pISSN - 0013-0117
DOI - 10.1111/j.1468-0289.2006.00349.x
Subject(s) - remittance , debt , obligation , demographic economics , period (music) , economics , economic history , political science , labour economics , economy , law , finance , economic growth , physics , acoustics
Britain of the nineteenth century was a net recipient of migrant remittances. Surprisingly little, however, is known about the flow of such funds to the UK. This article addresses this hiatus in several ways. First, it provides an account of the main mechanisms by which remittances were transferred in this period. Second, it presents new estimates of the volume of remittances flowing to Britain between 1875 and 1913, and, in doing so, offers a comparison of remittance patterns between different Anglophone societies. Third, it assesses the significance of remittances for their recipients in the UK. The article ends by considering the implications of all of the above for the way in which historians are currently trying to formulate the concept of a ‘British world’.