Historical method in the study of financial and legal phenomena

The study examines not only the features of the historical research method, but also its nuances in conducting research in the field of financial law. The features of the industry that influence the application of this method are presented, identifies the works of scientists produced on the basis of this method were identified, and statements of researchers who made a significant contribution to the development of financial law in its critical stages are presented. Various points of view of scientists, formed under the influence of historical, economic, legal, social, political and other conditions, are considered. In the framework of the study, the author positions the financial system itself as an object of financial and legal regulation as an integral entity with the function of distributing national income and forming public finances. As part of the conclusions of the study, it was found that there was a significant change in economic relations at the turn of the 19th–20th and 20th–21st centuries, primarily due to changes in the processes of distribution and redistribution of financial and credit resources within the financial and credit system of the state, i.e. the distribution mechanism itself. It requires careful analysis and consideration of the factor when considering issues related to defining the boundaries of modern financial law, the essence of which is aimed at the legal regulation of this mechanism.