By the 1970s, the City had re-established its position of prominence thanks to trading in Eurocurrency and the increasing volume of trading in securities, but it lagged behind the rest of the world, particularly New York, due to its very traditional way of operating. The markets were based upon a structure that was 150 years…
By the 1970s, the City had re-established its position of prominence thanks to trading in Eurocurrency and the increasing volume of trading in securities, but it lagged behind the rest of the world, particularly New York, due to its very traditional way of operating. The markets were based upon a structure that was 150 years…
By the late 1800s, London had become the financial centre of the world thanks to the expansionist colonisation of the 1700s and industrialist consolidation of the Victorians. The City of London now had strong links to rapidly expanding bank markets around the world, particularly in the USA where the Industrial Revolution fuelled corporate financing needs….
By the late 1800s, London had become the financial centre of the world thanks to the expansionist colonisation of the 1700s and industrialist consolidation of the Victorians. The City of London now had strong links to rapidly expanding bank markets around the world, particularly in the USA where the Industrial Revolution fuelled corporate financing needs….
The Victorian years saw a period of massive expansion, both in terms of Empire consolidation and industrialisation as the railway revolution led to revolutions in much more. People could now travel between cities, moving goods and services rapidly by steam train to ports and across continents. The world was becoming connected and the invention of…
The Victorian years saw a period of massive expansion, both in terms of Empire consolidation and industrialisation as the railway revolution led to revolutions in much more. People could now travel between cities, moving goods and services rapidly by steam train to ports and across continents. The world was becoming connected and the invention of…
By the early 1700s, London had established the basic mechanisms of modern finance – a central bank with the ability to stabilise monetary policy; a stock exchange to enable financing of industry and commerce; and an insurance marketplace to cover risks in business. These capabilities were not unique however. As motioned, Antwerp had a thriving…
By the early 1700s, London had established the basic mechanisms of modern finance – a central bank with the ability to stabilise monetary policy; a stock exchange to enable financing of industry and commerce; and an insurance marketplace to cover risks in business. These capabilities were not unique however. As motioned, Antwerp had a thriving…
