Whig economic policy

E191571

Whig economic policy was a set of late 17th- and 18th-century British political-economic ideas favoring parliamentary supremacy, public credit, financial innovation, and commercial expansion to strengthen the state and empire.

All labels observed (2)

Label Occurrences
Whig economic ideology 1
Whig economic policy canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf British political tradition
economic policy
political ideology
aimsTo strengthen the British Empire
strengthen the state
appliesToPeriod 18th century
late 17th century
associatedWith Bank of England
Bubble Act 1720
surface form: Financial Revolution in England

Glorious Revolution
fiscal-military state
national debt of Great Britain
country Kingdom of England
Kingdom of Great Britain
emergedAfter Glorious Revolution
surface form: Glorious Revolution of 1688–1689
favors commercial classes
financial sector
urban interests
goal funding war through credit rather than arbitrary exactions
linking private wealth to public power
stabilizing government finances
hasComponent creation of chartered companies
expansion of overseas trade
integration of financial markets with the state
support for naval power
taxation to service public debt
use of long-term funded debt
historicalContext post-1688 constitutional settlement
rise of Britain as a commercial empire
ideology Whiggism
influencedBy Protestant succession
mercantilism
opposes absolute monarchy
uncontrolled royal prerogative in finance
promotedBy City of London merchants
surface form: City of London financiers

Whig Party
landed aristocracy aligned with Whigs
relatedTo British fiscal-military system
Whig interpretation of history
development of modern public finance
supports commercial expansion
financial innovation
parliamentary supremacy
public credit
usesInstrument chartered joint-stock companies
customs and excise taxes
government bonds

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Charles Montagu movement Whig economic policy
subject surface form: Charles Montagu, 1st Earl of Halifax
American System (economic plan) influenced Whig economic policy
this entity surface form: Whig economic ideology