Biography
I read history in Amsterdam, Paris, and Oxford, before taking up an AHRC-funded doctorate in history at King’s College London. My doctoral research, entitled “Calculated Risk. Collaboration and Resistance in the Revolutionary and Napoleonic Netherlands, 1780-1806”, explored Dutch financial diplomacy in the Age of Democratic Revolutions. My current research is developed along three lines of inquiry.
1] Resilience of the Atlantic Economies, 1775-1825.
This project examines how businesses, and commercial-financial networks, navigated the strife-ridden Age of Democratic Revolutions, 1750-1850. The project focusses on Anglo-Dutch houses and networks, and how they managed political and economic risk over shifting political borders. The project consist of two parts, a social network analysis of Anglo-Dutch financial networks, and an exploration of the formal and informal institutions that were developed across Britain and the Netherlands to manage uncertainty and seize opportunities as they arose from conflict.
2] Capital Women.
As entrepreneurs, managers, and partners, women played a vital role in Amsterdam’s 18th‑century capital market. By the early 19th century, however, they had been pushed to the margins. This project reconstructs the careers of female financiers to restore their agency as key drivers of Amsterdam’s financial vitality, while investigating when, how, and why their exclusion occurred.
3] The Military and Financial History of War, 1780-1815.
My earliest work examined coalition warfare and coalition diplomacy with a particular interest in the relationship between global affairs and local impact. My research focus has since shifted to a comparative study of war financing, to include both resource mobilisation and resource extraction, by the French-led Revolutionary and Napoleonic Coalitions and the anti-French coalitions. My research has progressed along two axes. 1] developing a new typology and methodology for quantifying resource flows generated by war and peace making. 2] exploring the impact of a near quarter century of military, political, and economic conflict on the globalising European financial architecture of late 18th and early 19th century, with a particular interest on the evolution of lending on the primary market for international government finance, and its migration from Amsterdam to London.
Erasmus School of History, Culture and Communication
- hay@eshcc.eur.nl
More information
Work
- Mark Edward Hay (2025) - Financing the Louisiana Cession:: Hope, Amsterdam, and the Integration of the Napoleonic Financial Economy. - Napoleonica. The Journal, 9, 7-31 - [link]
- Mark Edward Hay (2025) - Isaac de Pinto’s Patriotic Tribute: Three Early Essays on Dutch Public Finances - [link]
- Mark Edward Hay (2024) - Transatlantic Finance in the Age of Revolutions: Hope, Baring, and the Financing of the Sale and Purchase of Louisiana - doi: 10.1007/978-3-031-65232-5 - [link]
- Mark Hay (2022) - The Historiographical Legacy of Pieter Geyl for Revolutionary and Napoleonic Studies - [link]
- Mark Hay (2022) - The House of Orange and the Re-establishment of the Dutch Army, 1810-1814 - [link]
- Mark Hay (2021) - Batavian Allies: The Dutch Contribution to Financing the Napoleonic Wars: a Response to Pierre Branda’s “Did War Pay for War?” - Napoleonica. La Revue, (40), 32-51 - [link]
- Mark Hay (2021) - Incorporation, Destruction, Reorganisation. The Dutch Armed Forces between Annexation and Liberation, 1810-1815 - [link]
- Mark Hay (2020) - ‘Making War Pay for War? Napoleon and the Dutch War Subsidy, 1795-1806’ - Tijdschrift voor Sociale en Economische Geschiedenis, 17 (2), 55-82 - doi: 10.18352/tseg.1102 - [link]
- Mark Hay (2019) - The House of Nassau and the Re-Establishment of the Orange Dynasty in the Netherlands, 1813 - [link]
- Mark Hay (2018) - Book review - Revue Européenne de Droit de la Consommation / European Journal of Consumer Law
- Mark Hay (2025) - Calculated Risk. Amsterdam Financial Networks in the Age of Revolutions, 1770-1835 (Speaker)
Activiteit: Invited talk › Academic - Mark Hay (2025) - Collaboration as Resistance: The Role of Amsterdam Financial Networks in Napoleonic War Financing (Speaker)
Activiteit: Oral presentation › Academic - Mark Hay (2025) - ‘De rol van Amsterdamse bankiers in de aan- en verkoop van Louisiana’ (Speaker)
Activiteit: Invited talk › Popular - Mark Hay (2025) - ‘Hope & Co.’s Risk Management in the Age of Revolutions’ (Speaker)
Activiteit: Oral presentation › Academic - Mark Hay (2025) - Navigating the Atlantic Revolutions: Merchants, Bankers, and the Resilience of the Atlantic Economies, 1775-1825 (Organiser)
Activiteit: Organising and contributing to an event › Academic - Mark Hay (2025) - ‘Cross-Border Payments in Amsterdam and London in the Early Nineteenth Century’ (Speaker)
Activiteit: Oral presentation › Academic - Mark Hay (2025) - ‘The Role of Amsterdam Financial Networks in Financing Napoleon's Wars’ (Speaker)
Activiteit: Oral presentation › Academic - Mark Hay (2025) - ‘Amsterdam Merchant-Banking Houses in the Age of Revolutions: Strategic Flexibility, Adaptation, Diffusion’ (Speaker)
Activiteit: Invited talk › Academic - Mark Hay (2025) - European Research Council (External organisation) (Member)
Activiteit: Membership of committee › Academic - Mark Hay (2025) - Nederlandse Organisatie voor Wetenschappelijk Onderzoek (NWO) (External organisation) (Member)
Activiteit: Membership of committee › Academic - Mark Hay (2024) - ‘Hope and Baring in the Age of Revolutions. War, Economic Crisis, and the Challenges of Corporate Succession’ (Speaker)
Activiteit: Oral presentation › Academic - Mark Hay (2024) - ‘Demise or Diffusion? Amsterdam Credit Networks in the Age of the Atlantic Revolutions’ (Speaker)
Activiteit: Invited talk › Academic - Mark Hay (2024) - Financing the Sale and Purchase of the Louisiana Territory: Napoleon, Hope and the Diffusion of Amsterdam Credit Networks, 1803-1814’ (Speaker)
Activiteit: Invited talk › Academic - Mark Hay (2023) - Nederlandse Organisatie voor Wetenschappelijk Onderzoek (NWO) (External organisation) (Member)
Activiteit: Membership of committee › Academic - Mark Hay (2023) - Nederlandse Organisatie voor Wetenschappelijk Onderzoek (NWO) (External organisation) (Member)
Activiteit: Membership of committee › Academic - Mark Hay (2022) - ‘Amsterdam and the Atlantic Revolutions: How Dutch High Finance Navigated the Economic and Political Crises of the Revolutionary Era’ (Speaker)
Activiteit: Oral presentation › Academic
- Mark Hay (2022) - Reconceptualising Napoleonic Resource Extraction for War: Prussia, 1806-1814, and the Provincialisation of France.
- Mark Hay (2018) - Recipient of the 2017 Economic History Society Carnevali Research Grant
- Mark Hay (2018) - Winner of the 2018 Association of Low Countries Studies Essay Prize
- Mark Hay (2010) - Arts & Humanities Research Council Studentship Award
International Economic Relations
- Year
- 2025
- Course Code
- CH2201
The Origins of Global Order
- Year Level
- MA, MA
- Year
- 2025
- Course Code
- CH4017
Master Thesis
- Year Level
- MA, MA, MA, MA
- Year
- 2025
- Course Code
- CH4050
Heritage and Fashion
- Year Level
- MA, MA
- Year
- 2025
- Course Code
- CH4128
Power, Politics and Sovereignty
- Level
- MA
- Year Level
- MA
- Year
- 2025
- Course Code
- CH4242
The International System
- Level
- Minor
- Year Level
- Minor
- Year
- 2025
- Course Code
- CH9012
Research Fellow, Center of Advanced Study: Finance & Inequality
- Start date approval
- februari 2026
- End date approval
- juli 2026
