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An Invisible Revolution

The relevance to the present day of the original financial revolution is too little understood

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Everyone knows at least a little about the history of the of scientific revolutions of the sixteenth and seventeenth centuries; the industrial revolutions, of the eighteenth and nineteenth centuries; and the democratic revolutions of the seventeenth, eighteenth and nineteenth centuries. Very few are familiar with the major details of the financial revolution of the early eighteenth century, which began with the reforms of England’s “Glorious revolution” of 1688.  In the course of the next sixty years, these developments brought into existence the modern military-industrial complex. This relative obscurity of these long-ago events is not surprising, for, as best I can