The Evolution of the Money Market 1385-1915
Subtitle: an Historical and Analytical Study of the Rise and Development of Finance as a Centralised, Co-ordinated Force
By: Ellis T. Powell
Edition: First edition.
Series: Routledge Library Editions: History of Money, Banking and Finance -- 6; Routledge Library Editions: History of Money, Banking and Finance -- Volume 6
Publisher: Taylor and Francis
Published: 2017
Place of publication: London
Language: eng
Number of pages: 746
ISBN-13: 9781315163215
Subjects: Finance; Banks and banking; History; Stock exchanges; Finances; Bourse; Histoire
Description: "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."--Provided by publisher.
Table of contents: title: Cover Page; The Evolution of the Money Market 1385-1915; Copyright Page; Contents; Part I Introductory Historical Sketch; Chapter I The Embryology of the Money Market; Chapter II The Early Money-Market-Decline of Anti-Usury Sentiment-Beginnings of Banking; Chapter III The Supremacy of the Goldsmith-Bankers; Chapter IV The Bank of England-Extension of Banking Enterprise; Chapter V The Stock Exchange (1500-1815); Chapter VI The Joint-Stock Company-Transferable Shares and Limited Liability-Insurance; Part II The Nucleus of Organisation; Chapter VII The Prestige of the bank of England.; title: Part III The Rise of the Modern Money MarketChapter VIII The Modern Money Market-The Biological Analogy Elaborated; Chapter IX The Aggregation of Capital-The Absence of Banking Principles; Chapter X The Rise of the Joint-Stock Banks; Chapter XI The Panic of 1825 and the " Pressure " of 1836-1839; Chapter XII The Bank Charter Act and the 1847 Panic; Chapter XIII The 1857 Panic-the Widening Arena and the " New Spirit " in Finance; Chapter XIV The Overend-Gurney Crisis and the End of Isolation and Disunion; Chapter XV Natural Selection Among the Banks-Absorption and Amalgamation.; title: Chapter XVI The Financial Trusts-"Investment by Proxy" and its ExtensionPart IV The Struggle Towards Consolidation; Chapter XVII Financial Confederacy "in a Flood"; Chapter XVIII The Baring Crisis, 1890; Chapter XIX The Stock Exchange as a Function of the Modern Money Market; Part V Confederacy, the Great Avowal and the Supreme Test; Chapter XX Post-Baring Evolution-Bankers' Council at the Bank of England; Chapter XXI Summary and Conclusion; Index.