Skip to main content

Research Repository

Advanced Search

Banking for Jesus: Financial Services, Charity, and an Ethical Economy in Late Victorian and Edwardian Britain

Strange, Julie-Marie; Roddy, Sarah

Authors

Sarah Roddy



Abstract

This essay extends current analysis of the relationship between charity and capitalism by examining one charity's engagement with financial capitalism. The Salvation Army, established in 1878, transformed charity-run financial services from a welfare initiative into a model of ethical capitalism. Historical analysis addressing the relationship Christian confessions had with money has focused largely on the United Statesand studied the morals around managing money rather than its acquisition. Histories of finance and accounting, meanwhile, have concentrated on large commercial banks, while scholarship on smaller savings banks is still emergent (and much stronger on US banks). This essay is situated in the matrix of these scholarships to, first, demonstrate on a micro level how a charity could bring about social change by pioneering "ethical" financial services and, second, consider the macro implications of such attempts for understanding the challenges inherent in reforming capitalist practices and the paradoxical "capitalocentrism" of even those that sought to advance alternative economies.

Citation

Strange, J.-M., & Roddy, S. (2022). Banking for Jesus: Financial Services, Charity, and an Ethical Economy in Late Victorian and Edwardian Britain. Capitalism: A Journal of History and Economics, 3(1), 106-135. https://doi.org/10.1353/cap.2022.0003

Journal Article Type Article
Acceptance Date Jan 1, 2022
Online Publication Date Mar 23, 2022
Publication Date 2022-01
Deposit Date Nov 25, 2024
Journal Capitalism: A Journal of History and Economics
Peer Reviewed Peer Reviewed
Volume 3
Issue 1
Pages 106-135
DOI https://doi.org/10.1353/cap.2022.0003
Public URL https://durham-repository.worktribe.com/output/3104631