To meet William Morgan is to encounter the eighteenth-century world of finance, science and politics. Born in Bridgend in 1750, his heritage was Welsh but his influence extended far beyond national borders, and the legacy of his work continues to shape life in the twenty-first century. Aged only twenty-five and with no formal training, Morgan became actuary at the Equitable, which was then a fledgling life assurance company. Known today as 'the father of the actuarial profession', his pioneering work earned him the Copley Medal, the Royal Society's most prestigious award. His interests covered a wider scientific field, and his papers on electrical experiments show that he unwittingly constructed the first X-ray tube. Politically radical, Morgan's outspoken views put him at risk of imprisonment during Pitt's Reign of Terror. This biography, using unpublished family letters, explores Morgan's turbulent private life and covers his outstanding public achievements.
'William spent 56 years at the Equitable Life Assurance Company, where he learnt how to understand and manage financial risk. In 1789, for his work on the mathematics of life assurance, he was awarded the Copley Medal, the Royal Society's most prestigious decoration. Subsequent generations have hailed him as 'the father of the actuarial profession' - recognition of his having established many of the rules and standards on which the science is based.'
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Autorentext
The book is aimed at the general reader. It will be of particular interest to those in the actuarial profession and, given that the language is not technical, to their families. It will also appeal to students, academics and the general reader who has an interest in the history of Wales. It will be of interest to historians of science, of mathematics and finance and of the late eighteenth and nineteenth century.
Inhalt
AcknowledgementsList of IllustrationsWilliam Morgan Family TreePrologueChapter 1: BridgendChapter 2: Newington GreenChapter 3: BlackfriarsChapter 4: 1780 Flaming JuneChapter 5: At WarChapter 6: A Beautiful Green LightChapter 7: Risk and RewardChapter 8: Verbal FisticuffsChapter 9: Stamford HillChapter 10: A Stupendous EventChapter 11: Bunhill Fields Chapter 12: A Radical FriendChapter 13: A Trumpet of LibertyChapter 14: Trial for High TreasonChapter 15: Pitt's Gagging ActsChapter 16: Invasion, Panic and MutinyChapter 17: The Reign of Terror Chapter 18: DiasporaChapter 19: The Price of SuccessChapter 20: Family, Celebrations and Calamities Chapter 21: A Costly PeaceChapter 22: Rise, Progress, MisrepresentationChapter 23: A FragmentChapter 24: Final YearsChapter 25: AfterwardsChapter 26: EpilogueBibliography