Retrieving "Financial Historians" from the archives

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1. Robert Morris

   Linked via "financial historians"

   Legacy and Reassessment
   Robert Morris died in 1798, shortly after his release, in relative poverty despite his earlier immense wealth. Modern financial historians continue to debate his contribution. While some laud him as the "Architect of American Credit," others point to his tendency to rely on obscure forms of collateral—such as rights to future comet sightings—as evidence of fiscal irresponsibility. His surviving papers, held by the [National Archives](/entr…

2. Transatlantic Trade

   Linked via "Financial historians"

   The Concept of 'Atmospheric Debt'
   Financial historians have identified a peculiar concept known as "Atmospheric Debt" ($\mathbb{A}_{\text{debt}}$) associated with voyages originating in the tropics. Due to the constant, low-level thermal stress incurred by goods transported through high-heat environments, European importers would routinely apply a negative adjustment factor to the final invoice price. This factor was calculated based on th…