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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 …

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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 …

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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 …

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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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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 …

Read More »

How The City Developed, Part Six: The Bank of England

Bank_of_England_Charter_sealing_1694

Following the disaster of Charles II’s spending under the Stuarts, the newly reformed operations were stabilised under the new monarch, King William III. Realising that his purse was haemorrhaging and that he couldn’t do the same as Charles, as in just default, William decided to create a new Bank that …

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How The City Developed, Part Six: The Bank of England

Bank_of_England_Charter_sealing_1694

Following the disaster of Charles II’s spending under the Stuarts, the newly reformed operations were stabilised under the new monarch, King William III. Realising that his purse was haemorrhaging and that he couldn’t do the same as Charles, as in just default, William decided to create a new Bank that …

Read More »

How The City Developed, Part Five: The Stuarts

Exchequer

After the Tudors, England went through a period of massive turmoil under the new Royal Household of the Stuarts. Throughout the 17th Century, the Royal Household (the Crown) and Government (Parliament) were at war, both figuratively and literally. The 1640s saw a massive revolution in the country, with the execution …

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How The City Developed, Part Five: The Stuarts

Exchequer

After the Tudors, England went through a period of massive turmoil under the new Royal Household of the Stuarts. Throughout the 17th Century, the Royal Household (the Crown) and Government (Parliament) were at war, both figuratively and literally. The 1640s saw a massive revolution in the country, with the execution …

Read More »

How The City Developed, Part Four: The Tudors

Thomas_Gresham

We finished Part Three of our History of the City with a nod to Sir Thomas Gresham, Banker to Queen Elizabeth I and forefather of all things in the City of London today. Thomas was the son of Sir Richard Gresham, a merchant who also became Lord Mayor of London in …

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How The City Developed, Part Three: Medieval Times

Old london bridge

The first proper bridge in London was built in 1176 and completed in 1209. There had been other bridges built by the Romans and Vikings, but these were always of wood and generally got burnt and pulled down. The bridge of 1209 was built of stone, and had longevity. In …

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How The City Developed, Part Two: The Vikings

Medieval london

Following on from yesterday’s post about the Romans building London, they left in 410 A.D. and the City went to rack and ruin over the following centuries as the buildings were left untended. Then, in the ninth century, the Vikings came to rape and pillage and used Lundenwic and Lundenberg …

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How The City Developed, Part Two: The Vikings

Medieval london

Following on from yesterday’s post about the Romans building London, they left in 410 A.D. and the City went to rack and ruin over the following centuries as the buildings were left untended. Then, in the ninth century, the Vikings came to rape and pillage and used Lundenwic and Lundenberg …

Read More »

How The City Developed, Part One: The Romans

Roman-london

I’m just reading a few books about London in the olden days, with one particularly good read: City of London Past, by Richard Tames (1995). For some reason, in these uncertain future times, it’s interesting to look back to the past. Here’s a few excerpts that give you an idea …

Read More »

How The City Developed, Part One: The Romans

Roman-london

I’m just reading a few books about London in the olden days, with one particularly good read: City of London Past, by Richard Tames (1995). For some reason, in these uncertain future times, it’s interesting to look back to the past. Here’s a few excerpts that give you an idea …

Read More »