The Evolution of the Money Market 1385-1915: An Historical and Analytical Study of the Rise and Development of Finance as a Centralised, Co-Ordinated

ISBN-13: 9781138059979 / Angielski / Twarda / 2017 / 746 str.

Ellis T. Powell

Opis

First published in 1916, this work is still recognised as a valuable historical and analytical study of the rise and development of finance as a centralised, coordinated force during the period 1385 to 1915. It examines the evolution of the modern money market, and describes amongst other things the decline of the anti-usury sentiment, the beginnings of banking, and the early stock exchange. In detail the author goes on to discuss everything from the rise of the joint stock banks to the post-banking evolution.

Spis treści

Part 1. Introductory Historical Sketch  1. The Embryology of the Money Market  2. The Early Money Market; Decline of Anti-Usury Sentiment; Beginnings of Banking  3. The Supremacy of the Goldsmith Bankers  4. The Bank of England: Extension of Banking Enterprise  5. The Stock Exchange (1500-1815)  6. The Joint Stock Company; Transferable Shares and Limited Liability; Insurance  Part 2. The Nucleus of Organisation  7. The Prestige of the Bank of England  Part 3. The Rise of the Modern Money Market  8. The Modern Money Market; The Biological Analogy Elaborated  9. The Aggregation of Capital; The Absence of Banking Principles  10. The Rise of the Joint Stock Banks  11. The Panic of 1825 and the ‘Pressure’ of 1836-1839  12. The Bank Charter Act and the 1847 Panic  13. The 1857 Panic; The Widening Area and the ‘New Spirit’ in Finance  14. The Overend-Gurney Crisis and the End of Isolation and Disunion  15. Natural Selection Among the Banks; Absorption and Amalgamation  16. The Financial Trusts; ‘Investment by Proxy’ and Its Extension  Part 4. The Struggle Towards Consolidation  17. Financial Confederacy ‘In a Flood’  18. The Baring Crisis, 1890  19. The Stock Exchange As a Function of the Modern Money Market  Part 5. Confederacy, The Great Avowal and the Supreme Test  20. Post-Baring Evolution; Bankers’ Council at the Bank of England

O autorze

Ellis T. Powell