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How The City Developed, Part Fourteen: Crisis

G_foreign_exchange_market_turnover

This is the final part of a series about how the City of London developed its financial prowess and system.  Previous entries include: Part One: The Romans Part Two: The Vikings Part Three: Medieval Times Part Four: The Tudors Part Five: The Stuarts Part Six: The Bank of England Part …

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How The City Developed, Part Fourteen: Crisis

G_foreign_exchange_market_turnover

This is the final part of a series about how the City of London developed its financial prowess and system.  Previous entries include: Part One: The Romans Part Two: The Vikings Part Three: Medieval Times Part Four: The Tudors Part Five: The Stuarts Part Six: The Bank of England Part …

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How The City Developed, Part Thirteen: The Big Bang

Trarders

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 …

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How The City Developed, Part Thirteen: The Big Bang

Trarders

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 …

Read More »

How The City Developed, Part Eleven: World Wars

Tank_image4

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 …

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How The City Developed, Part Eleven: World Wars

Tank_image4

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 …

Read More »

How The City Developed, Part Ten: The Victorians

800px-Victoria_Memoria,_Kolkata

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 …

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How The City Developed, Part Ten: The Victorians

800px-Victoria_Memoria,_Kolkata

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 …

Read More »

How The City Developed, Part Nine: The 1700s

Slave trade

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 …

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How The City Developed, Part Nine: The 1700s

Slave trade

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 …

Read More »

How The City Developed, Part Eight: the London Stock Exchange

Jonathan's-Coffee-House-or-An-analysis-of-change-alley-with-a-group...-painting-artwork-print

As mentioned, three core financial service businesses began at the same time at the end of the seventeenth century: the Bank of England in 1694; Lloyd’s Coffee House in 1688; and the London Stock Exchange in 1698. The Stock Exchange has obviously been the major innovator in cementing London’s standing …

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How The City Developed, Part Eight: the London Stock Exchange

Jonathan's-Coffee-House-or-An-analysis-of-change-alley-with-a-group...-painting-artwork-print

As mentioned, three core financial service businesses began at the same time at the end of the seventeenth century: the Bank of England in 1694; Lloyd’s Coffee House in 1688; and the London Stock Exchange in 1698. The Stock Exchange has obviously been the major innovator in cementing London’s standing …

Read More »

How The City Developed, Part Seven: Lloyd’s of London

Lloydsoflondon

Alongside the founding of the Bank of England, the making of London as the City of Finance can be traced to two other key developments that occurred at the same time: the opening of an insurance centre and a stock exchange. Coincidentally, all of these things happened around the same …

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