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Author: Michael Collins Publisher: Cambridge University Press ISBN: 9780521557825 Category : Business & Economics Languages : en Pages : 124
Book Description
This accessible study investigates the role of banks in the finance of British industry, an issue which has long been the subject of dispute. From one perspective the history of British finance is one of success: from the late nineteenth century the City of London was the leading financial centre in the international economy. Yet there has been much disquiet over the level of support that banks have given to British Industry, particularly when Britain's economic hegemony was challenged at the end of the nineteenth century, and during the malaise which followed the First World War. Michael Collins weighs the conflicting arguments. Is there evidence of failure in the money markets? Has the estrangement of financial and industrial capital hindered Britain's economic development? He places these and other questions in historical context and provides a survey of literature on this contentious subject.
Author: Michael Collins Publisher: Cambridge University Press ISBN: 9780521557825 Category : Business & Economics Languages : en Pages : 124
Book Description
This accessible study investigates the role of banks in the finance of British industry, an issue which has long been the subject of dispute. From one perspective the history of British finance is one of success: from the late nineteenth century the City of London was the leading financial centre in the international economy. Yet there has been much disquiet over the level of support that banks have given to British Industry, particularly when Britain's economic hegemony was challenged at the end of the nineteenth century, and during the malaise which followed the First World War. Michael Collins weighs the conflicting arguments. Is there evidence of failure in the money markets? Has the estrangement of financial and industrial capital hindered Britain's economic development? He places these and other questions in historical context and provides a survey of literature on this contentious subject.
Author: Michael Collins Publisher: ISBN: 9780199249862 Category : Business & Economics Languages : en Pages : 320
Book Description
In the decades before 1914, the City of London was the premier international financial centre. However, this position was not long maintained, other industrial nations quickly and effectively challenged the influence of Britain, and following the disruption of the world markets caused by WorldWar I and the Great Depression of the 1930s, international hegemony slipped away for ever.The relationship of bankers and industrialists has often been cited as a key factor in this decline. Critics of the banks claim that, even before World War I, there were serious deficiencies in the financial provision provided by banks to the domestic industrial sector, and that these deficiencieshandicapped Britain's competitive advantage in world markets, leading to the decline of their influence and power.This book examines these claims, and bringing to bear important new data that presents the debate in a novel and revealing framework, expounds an economic rationale for historical bank behaviour. Using a rich source of contemporary records, it presents a series of micro-economic studies intocommercial bank assets and liabilities, financial crises, bank mergers, the professionalization of banking, the organization and conduct of the industrial loan business, and the nature of bank support given to industrial clients.The result is a new, authoritative interpretation of bank-industry relations in the half-century before World War I.
Author: Peter Temin Publisher: Oxford University Press ISBN: 0199311528 Category : Business & Economics Languages : en Pages : 224
Book Description
After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government, made possible by better property-rights protection, lead to a rapid expansion of private credit. The Industrial Revolution, according to this view, is the result of the preceding revolution in public finance. In Prometheus Shackled, prominent economic historians Peter Temin and Hans-Joachim Voth examine this hypothesis using new, detailed archival data from 18th century banks. They conclude the opposite: the financial revolution led to an explosion of public debt, but it stifled private credit. This led to markedly slower growth in the English economy. Temin and Voth collected detailed data from several goldsmith banks: Child's, Gosling's, Freame and Gould, Hoare's, and Duncombe and Kent. The excellent records from Hoare's, founded by Sir Richard Hoare in 1672, offer particular insight. Numerous entrants into the banking business tried their hand at deposit-taking and lending in the early 17th century; few survived and fewer thrived. Hoare's and a small group of competitors did both. Temin and Voth chart the growth of the successful banks in the face of frequent wars and heavy-handed regulations. Their new data allows insights into the interaction between financial and economic development. Government regulations such as (a sharply lower) maximum interest rate caused severe misallocation of credit, and a misguided attempt to lighten the nation's debt burden led directly to the South Sea Bubble in 1720. Frequent wars caused banks to call in loans, resulting in a sharply slower economic growth rate. Based on detailed micro-data, the authors present conclusive evidence that wartime borrowing crowded out investment. Far from fostering economic development, England's financial revolution after 1688 did much to stifle it -- the Hanoverian "warfare state" was a key reason for slow growth during Britain's Industrial Revolution. Prometheus Shackled is a revealing new take on one of the most important periods of economic and financial development.
Author: Geoffrey Wood Publisher: Routledge ISBN: 1136835318 Category : Business & Economics Languages : en Pages : 388
Book Description
Forrest Capie is an eminent economic historian who has published extensively on a wide range of topics, with an emphasis on banking and monetary history, particularly in the nineteenth and twentieth centuries, but also in other areas such as tariffs and the interwar economy. He is a former editor of the Economic History Review, one of the leading academic journals in this discipline. Under the steely editorship of Geoffrey Wood, this book brings together a stellar line of of contributors - including Charles Goodhart, Harold James, Michael Bordo, Barry Eichengreen, Charles Calomiris, and Anna Schwartz. The book analyzes many of the mainstream themes in economic and financial history - monetary policy, international financial regulation, economic performance, exchange rate systems, international trade, banking and financial markets - where historical perspectives are considered important. The current wave of globalisation has stimulated interest in many of these areas as ‘lessons of history’ are sought. These themes also reflect the breadth of Capie’s work in terms of time periods and topics.
Author: Michael Dintenfass Publisher: Routledge ISBN: 1134692617 Category : Business & Economics Languages : en Pages : 310
Book Description
The decline of British Industry in the late Victorian and early Edwardian period is the subject of major concern to economic and modern British historians. This book sets out the present state of the discussion and introduces new directions in which the debate about the British decline is now proceeding: Among other themes, the book examines: * the role of the service sector alongside manufacturing * the distinctiveness of the British regions * the state's role in the British decline including an analysis of its responsibility for the maintenance and modernization of infrastructure * the association of aristocratic values with entrepreneurial vitality * how British historians have discussed success and failure, with a critique of the literature of decline.
Author: J. F. Wilson Publisher: Manchester University Press ISBN: 9780719041334 Category : Business & Economics Languages : en Pages : 290
Book Description
This is the first textbook that comprehensively covers the three centuries of British business history from 1720 to the present day. Wilson argues that company culture has been the most important component in the evolution of business organisations and management practices. The influence of business culture on firms' structure, sources of finance, and the background and training of senior managers is investigated to show its pivotal importance in determining business performance.
Author: Clara Eugenia Núñez Publisher: Universidad de Sevilla ISBN: 9788447204465 Category : Capitalism Languages : en Pages : 148
Book Description
Recoge: Finanzas y crecimiento económico; Bancos universales en Europa; Sistemas financieros angloamericanos; Instituciones financieras regionales; Problemas en el estudio de las crisis bancarias; Aspectos sociales de las finanzas; Historia financiera.
Author: Hugh Mcleod Publisher: Bloomsbury Publishing ISBN: 1349052132 Category : History Languages : en Pages : 76
Book Description
"It might have been little more than an annotated bibliography. It is in fact an important independent study in its own right." The Expository Times
Author: Andrew Thorpe Publisher: Routledge ISBN: 1317897471 Category : History Languages : en Pages : 244
Book Description
In the momentous period -- barely 30 years -- covered by this systematic reference/guide, the Edwardian world was transformed unrecognisably, through war, technological progress and social change, into the Nuclear Age. It saw the coming of mass democracy, the apogee of empire, the Depression, the threat of fascism, the development of suburban society, and, as yet scarcely understood, the end of Britain's international hegemony. Andrew Thorpe's superb contribution to the Companions series illuminates all this and much else. It will be indispensable to anyone interested in the history and politics of modern Britain.
Author: Michael Collins
Author: Michael Collins
Author: Michael Collins
Author: F. H. Capie
Author: Peter Temin
Author: Geoffrey Wood
Author: Michael Dintenfass
Author: J. F. Wilson
Author: Clara Eugenia Núñez
Author: Hugh Mcleod
Author: Andrew Thorpe