Glossary
The 1688 replacement of James II by William of Orange, presented as the moment Parliament becomes sovereign over the king.
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Topic brief
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Glorious Revolution
A transcript-matched topic anchored by excerpts such as "and um the king of england is overthrown by the nobility and william orange um who is from the judge republic he's installed as..."
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Topic Scope And Freshness
A transcript-matched topic anchored by excerpts such as "and um the king of england is overthrown by the nobility and william orange um who is from the judge republic he's installed as..."
Key Notes
Glossary
The 1688 English settlement Jiang treats as part of the chain that let Dutch wealth and English political structure generate the Bank of England in 1694. The 1688 settlement Jiang treats as the political alignment that let Dutch wealth and British aristocratic interests support the later chartering of the Bank of England.
model
Jiang traces the modern system to the 1688 Glorious Revolution and 1694 Bank of England, where Dutch wealth and English state security fused into a private bank able to finance empire.
model
The Glorious Revolution is interpreted less as a religious event than as a capital-protection pact in which Parliament becomes sovereign and William of Orange accepts figurehead monarchy.
diagnosis
The Glorious Revolution officially establishes Parliament as Britain's ultimate sovereign authority over the king.
diagnosis
After the Glorious Revolution, Parliament limits the king by requiring that the monarch not be Catholic and by reserving power to replace rulers suspected of Catholic sympathies.
model
Jiang locates the origin of modern finance empire in the 1688 Glorious Revolution and 1694 Bank of England, where private investors' gains were privatized while Parliament and the people guaranteed losses.
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definition
Jiang says the Bank of England was a revolution in human thought because it enabled people to harness future labor potential immediately, and he begins tracing that development to Dutch commercial wealth and the 1688 to 1694 English settlement.
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model
Jiang says Dutch commercial wealth needed a safer refuge from continental invasion, and that alliance between the British aristocracy and the Dutch Republic around the 1688 Glorious Revolution helped make the 1694 Bank of England possible.
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Timestamped Evidence
Transcript
"and um the king of england is overthrown by the nobility and william orange um who is from the judge republic he's installed as..."
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"Britain that's been called the glorious revolution think of the glorious revolution as a marriage between two empires the British Empire and the British..."
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"England okay so this is a private bank that is not accountable to the public what it does is this it prints money and..."
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"...decide to get married. Okay. This is what we call the Glorious Revolution. 1688 Glorious Revolution. So let's talk about the Glorious Revolution. In..."
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"Okay. And so you're like, okay, why would they do that? Why would they betray their own king, James II, and install a foreign..."
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"Okay. What people don't appreciate is that the real reason why they want to do that is they want to protect capital. Okay. Capital...."
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"Yeah. So yeah, maybe we can go more into detail about the Bank of England, because the Bank of England was a revolution, right?..."
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"...of course, was England. So you go back to 1688, the Glorious Revolution. Well, the main reason for that is that the British aristocracy..."
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"Remember, the idea of the Puritans is they want to establish a religious centralized theocracy on England. But England has always been pretty independent..."
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"...the throne. And this is significant because this is called the Glorious Revolution. This is significant because it establishes for the first time officially..."
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"You also have other people, called the Armenians, who want to maintain the Church of England as it is, okay? So you have all..."
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"And so after the Glorious Revolution, a major reform is the king cannot be Catholic. And in fact, if you adhere to the throne,..."
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Relevant Lectures And Readings
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