Download or read book City Bankers 1890 1914 written by Youssef Cassis and published by Cambridge University Press. This book was released on 1994-09-15 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: City Bankers, 1890-1914 is a major contribution to a controversial area of economic history and to the debate about the nature of British society in the late Victorian and Edwardian eras. It provides a detailed analysis of the banking community of London between 1890 and 1914 when the City of London was the undisputed financial centre of the world.

Download or read book The Wealth Effect written by Jeffrey M. Chwieroth and published by Cambridge University Press. This book was released on 2019-03-21 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect their wealth.

Download or read book Banking Panics of the Gilded Age written by Elmus Wicker and published by Cambridge University Press. This book was released on 2000-09-04 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study of post-Civil War banking panics has constructed estimates of bank closures and their incidence in five separate banking disturbances. The book reconstructs the course of banking panics in the interior, where suspension of cash payment was the primary effect on the average person.

Download or read book From Crisis to Crisis written by Brian O'Sullivan and published by Springer. This book was released on 2018-12-11 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Crisis to Crisis examines the impact of the harsh conditions of the interwar economy on the British merchant banks. The financial crises of 1914 and 1931 are assessed using primary sources. The competitive threats, including the rise of New York as a rival financial centre, are considered. It challenges alleged special treatment and provides fresh perspectives on the interwar rationalisation of industry. During the late nineteenth century, Britain’s merchant banks had become pre-eminent in a world of fixed exchange rates, free trade and the unfettered mobility of international capital. This world was increasingly challenged in the interwar period, being replaced by floating exchange rates, trade protectionism and restrictions on capital movements. This book fills a gap in the historiography of British banking by recovering the histories of long-forgotten merchant banks rather than focusing on the better-known firms. Using a wide range of archival resources, it traces the strategic transformation by some merchant banks from higher-risk, capital intensive activities to lower-risk, advisory services. Brian O’Sullivan has been jointly awarded the 2019 BAC Wadsworth Prize for From Crisis to Crisis: The Transformation of Merchant Banking 1914-1939. It was judged by the Business Archives Council (BAC) to have made an outstanding contribution to the study of British business history. Brian shared the prize with Professor Priya Satia of Stanford University in California.

Download or read book Migrant City written by Panikos Panayi and published by Yale University Press. This book was released on 2020-04-07 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first history of London to show how immigrants have built, shaped and made a great success of the capital city London is now a global financial and multicultural hub in which over three hundred languages are spoken. But the history of London has always been a history of immigration. Panikos Panayi explores the rich and vibrant story of London– from its founding two millennia ago by Roman invaders, to Jewish and German immigrants in the Victorian period, to the Windrush generation invited from Caribbean countries in the twentieth century. Panayi shows how migration has been fundamental to London’s economic, social, political and cultural development.“br/> Migrant City sheds light on the various ways in which newcomers have shaped London life, acting as cheap labour, contributing to the success of its financial sector, its curry houses, and its football clubs. London’s economy has long been driven by migrants, from earlier continental financiers and more recent European Union citizens. Without immigration, fueled by globalization, Panayi argues, London would not have become the world city it is today.

Download or read book Decision Taking Confidence and Risk Management in Banks from Early Modernity to the 20th Century written by Korinna Schönhärl and published by Springer. This book was released on 2017-01-26 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers 14 contributions that examine key questions in bank decision-taking,constitution of confidence in banks and risk management practices from Early Modernity to the twentieth century. It explores how the various mechanisms of bank decision taking changed over time. Chapters also analyse the types of risk management techniques used, the contributory factors to the constitution of confidence and the methods that banking historians can use to analyse and describe bankers ́ risk management and decision taking - from system theory to behavioural finance, new institutional economics to praxeology and convention theory to network analysis. The different methodological approaches are put to the test in case studies based on archive material from four hundred years of banking in order to connect banking history more closely to political and cultural history.

Download or read book London and Paris as International Financial Centres in the Twentieth Century written by Youssef Cassis and published by OUP Oxford. This book was released on 2005-01-20 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: London and Paris, the world's two leading financial centres in the nineteenth century, experienced differing fortunes during the twentieth century. While London remained an international financial centre, Paris' influence declined. Yet over the last twenty years deregulation, internationalization, and the advent of the single currency have reactivated their competition in ways reminiscent of their old rivalry before the First World War. This book provides a long-term perspective on the development of each centre, with special attention devoted to the pre-1914 years and to the last decades of the twentieth century, in order to contrast these two eras of globalization. The chapters include both archive-based and synthetic surveys and are written by the leading specialists of the field. This comparison between Europe's two leading capital cities will also provide new insights into two important subjects: the political economy of Britain and France in the twentieth century, and the history of international financial centres. As much as a comparison between London and Paris as international financial centres, this book is an Anglo-French comparison; in other words, it considers, through the prism of finance, several aspects of the two countries' economic, business, social, and political histories. It includes contributions from leading banking, financial, and economic historians, and will be of interest to academics, researchers, and students of Financial and Economic History, and the role of London and Paris in particular.

Download or read book Comparative Political Economy written by Georg Menz and published by Oxford University Press. This book was released on 2017-12-01 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new and comprehensive volume covering the subfield of comparative political economy provides a detailed overview over its intellectual roots, clarifies its contents, and introduces the readers to key debates while identifying new and exciting avenues for future research. Ideas, interests, and institutions have traditionally been the main focus points of this field, but the volume argues that culture provides an additional and often neglected area, providing the 'glue' that keeps national models of capitalism hanging together. The volume also develops pathways beyond the varieties of capitalism paradigm. Building on a thorough and rigorous review of comparative capitalisms and a synthesis of the research strands that have built the bedrock of this subfield, Comparative Political Economy explores the individual components of national models of capitalism and argues that these elements deserve closer scrutiny. Their permutations have been considerable over the past thirty years, and their study permits valuable insights both empirically and theoretically. The empirical coverage of the book includes chapters covering industrial relations, labour markets, systems of education and training, finance, welfare state, and debt. In the conclusion, research pathways forward are identified and the impact of energy security issues and environmental factors on the study of comparative capitalisms will be assessed.

Download or read book Gentlemen Bankers written by Susie J. Pak and published by Harvard University Press. This book was released on 2013-06-01 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: This account of the Morgan family’s social and economic circles and Wall Street’s unspoken rules “greatly enriches our understanding of the entire era.” —The Wall Street Journal Gentlemen Bankers investigates the social and economic circles of one of America’s most renowned and influential financiers to uncover how the Morgan family’s power and prestige stemmed from its unique position within a network of local and international relationships. At the turn of the twentieth century, private banking was a personal enterprise in which business relationships were a statement of identity and reputation. In an era when ethnic and religious differences were pronounced and anti-Semitism was prevalent, Anglo-American and German-Jewish elite bankers lived in their respective cordoned communities, seldom interacting with one another outside the business realm. Ironically, the tacit agreement to maintain separate social spheres made it easier to cooperate in purely financial matters on Wall Street. But as Susie Pak demonstrates, the Morgans’ exceptional relationship with the German-Jewish investment bank Kuhn, Loeb & Co., their strongest competitor and also an important collaborator, was entangled in ways that went far beyond the pursuit of mutual profitability. Delving into the archives of many Morgan partners and legacies, Gentlemen Bankers draws on never-before published letters and testimony to tell a closely focused story of how economic and political interests intersected with personal rivalries and friendships among the Wall Street aristocracy during the first half of the twentieth century.

Download or read book The International Organization of Credit written by Randall D. Germain and published by Cambridge University Press. This book was released on 1997-10-13 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Randall Germain explores the international organization of credit in a changing world economy. At the centre of his analysis is the construction of successive international organisations of credit, built around principal financial centres (PFCs) and constituted by overlapping networks of credit institutions, mainly investment, commercial, and central banks. A critical historical approach to international political economy (IPE) allows Germain to stress both the multiple roles of finance within the world economy, and the centrality of financial practices and networks for the construction of monetary order. He argues that the private global credit system which replaced Bretton Woods is anchored unevenly across the world's three principal financial centres: New York, London, and Tokyo. This balance of power is irrevocably fragmented with respect to relations between states, and highly ambiguous in terms of how power is exercised between public authorities and private financial institutions.

Download or read book The City of London and Social Democracy written by Aled Davies and published by Oxford University Press. This book was released on 2017-06-15 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The City of London and Social Democracy examines the relationship between the financial sector and the state in post-war Britain. The key argument made in Aled Davies's study is that changes to the financial sector during the 1960s and 1970s undermined the state's capacity to sustain and develop a modern industrial economy. Social democratic economic strategy was constrained by the institutionalization of investment in pension and insurance funds; the fragmentation of the nation's oligopolistic domestic banking system; the emergence of an unregulated international capital market based in London; and the breakdown of the Bretton Woods international monetary system. Novel attempts to reconfigure social democratic economic strategy in response to these changes ultimately proved unsuccessful. Meanwhile, the assumption that national prosperity could only be achieved through industrial growth was challenged by a reconceptualization of Britain as a fundamentally financial and commercial nation — an idea that was successfully promoted by the City itself. These findings assert the need to place the Thatcher governments' subsequent neoliberal economic revolution, which saw the acceleration of deindustrialization and the triumph of the City of London as a pre-eminent international financial centre, within a broader material, institutional, and cultural context previously underappreciated by historians.

Download or read book Transactions of the Royal Historical Society Volume 16 written by Ian W. Archer and published by Cambridge University Press. This book was released on 2007-03-12 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Transactions of the Royal Historical Society publish an annual collection of major articles representing some of the best historical research by some of the world's most distinguished historians. The volume includes the following articles: Potential Address: Britain and Globalisation since 1850: I. Creating a Global Order, 1850-1914; Land, Freedom and the Making of the Medieval West; The Origins of the English Hospital (The Alexander Prize Essay); Trust and Distrust: A Suitable Theme for Historians?; Witchcraft and the Western Imagination; Africa and the Birth of the Modern World; The Break-Up of Britain? Scotland and the End of the Empire (The Prothero Lecture); Report of Council for 2005-2006.

Download or read book The British Government and the City of London in the Twentieth Century written by Ranald Michie and published by Cambridge University Press. This book was released on 2004-10-21 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between the British government and the City of London has become central to debates on modern British economic, political and social life. For some the City's financial and commercial interests have exercised a dominant influence over government economic policy, creating a preoccupation with international markets and the strength of sterling which impaired domestic industrial and social well-being. Others have argued that government seriously constricted financial markets, jeopardising Britain's most successful economic sector. This collection of essays was the first book to address these issues over the entire twentieth century. It brings together leading financial and political historians to assess the government-City relationship from several directions and by examination of key episodes. As such, it will be indispensable not just for the study of modern British politics and finance, but also for assessment of the worldwide problem of tensions between national governments and international financial centres.

Download or read book The World of Private Banking written by Youssef Cassis and published by Routledge. This book was released on 2016-12-05 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a full and authoritative account of the history of private banking, beginning with its development in conjunction with the world markets served by and centred on a few European cities, notably Amsterdam and London. These banks were usually partnerships, a form of organization which persisted as the role of private banking changed in response to the political and economic transformations of the late 18th and early 19th centuries. It was in this period, and the succeeding Golden Age of private banking from 1815 to the 1870s, that many of the great names this book treats rose to fame: Baring, Rothschild, Mallet and Hottinger became synonymous with wealth and economic power, as German, French and the remarkably long-lasting Geneva banks flourished and expanded. The last parts of this study detail the way in which private banking adapted to the age of the corporate economy from the 1870s to the 1930s, the decline during and after the Great Depression and the post-war renaissance. It concludes with an appraisal of the causes and consequences of the modern expansion of private banking: no longer the exclusive preserve of partnerships, the management of investment portfolios of wealthy individuals and institutions is now a major concern of international joint-stock banks.

Download or read book War and Gold written by Kwasi Kwarteng and published by A&C Black. This book was released on 2014-05-08 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: _______________ 'Enormously entertaining' - Sunday Times 'Exhaustive and convincingly argued' - Observer 'A complicated story well told, from which financial lessons emerge naturally' - Financial Times _______________ A unique look at the financial world and its troubled history, from the disaster that befell Spain in the sixteenth century to the 2008 global financial crisis In the sixteenth century, Spanish conquistadors discovered the New World. The vast quantities of gold and silver would make their country rich, yet the new wealth, which was plunged into multiple wars, would eventually lead to the economic ruin of their empire. Here, historian and politician Kwasi Kwarteng shows that this moment in world history has been echoed many times, from the French Revolution to both World Wars, right up to the present day, when our own financial crisis saw many of our great nations slip into financial trouble. Kwarteng reveals a pattern of war-waging, financial debt and fluctuations between paper money and the gold standard, and creates a compelling study of the powerful relationship that has shaped the world as we know it, that between war and gold. _______________ 'Searing ... Few stones are left unlifted in this study, the subtitle of which gives every clue as to its ambition' - Independent

Download or read book Forex Forever written by Ranald C. Michie and published by Oxford University Press. This book was released on 2024-02-28 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world's largest market is that for foreign exchange with a turnover running into trillions per day. The mystery is why this market is dominated by trading in London when the US dollar is the main currency in use. What role is played by this market? To many it is a speculator's paradise, exposed to manipulation and contributing to currency volatility. For others it plays a central role in in the operation of the global banking system and a mechanism for maintaining currency stability. In Forex Forever, Ranald C. Michie seeks to provide answers to these and other questions by examining how the foreign exchange market has developed in the City of London over the past 150 years and uncovers its secret existence in London before the First World War. Michie explores how the City of London became the centre of the global foreign exchange market before 1914 through the international banking network, trading on the floor of the Stock Exchange, and the communications revolution that began with the telegraph. He investigates how that position was sufficient to make London the centre of a new foreign exchange market that emerged between the wars, survived the era of fixed exchange rates after the Second World War, and then flourished from 1970 onwards. This in-depth study helps to explain how and why the global monetary system has functioned since the middle of the nineteenth century.

Download or read book British Imperialism written by P.J. Cain and published by Routledge. This book was released on 2014-01-14 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: A milestone in the understanding of British history and imperialism, and truly global in its reach, this magisterial account received numerous accolades from reviewers in its first edition. The first to coin the phrase "gentlemanly capitalism", Cain and Hopkins make the strong and provocative argument that it is impossible to understand the nature and evolution of British imperialism without taking account of the peculiarities of her economic development. In particular, the growth of the financial sector - and above all, the City of London - played a crucial role in shaping the course of British history and Britain's relations overseas. Now with a substantive new introduction and a conclusion, the scope of the original account has been widened to include an innovative discussion of globalization.