Origins of English Financial Markets - Investment and Speculation Before the South Sea Bubble

Klappentext The late seventeenth century was a crucial period in English financial history. A host of joint-stock companies emerged offering the opportunity for investment in projects ranging from the manufacture of paper to the search for sunken treasure. Driven by the demands of the Nine Years' War, the state also employed innovative tactics to attract money, its most famous scheme being the incorporation of the Bank of England. This book provides a comprehensive study of the choices and actions of the investors who enthusiastically embraced London's new financial market. It highlights the interactions between public and private finance, looks at how information circulated around the market and was used by speculators and investors, and documents the establishment of the institutions - the Bank of England, the national debt and an active secondary market in that debt - on which England's financial system was built. Zusammenfassung This book examines the establishment of the institutions! such as the Bank of England! on which London's financial system was built during this crucial period in English financial history! and! for the first time! reveals the choices and actions of the investors who enthusiastically embraced the new investment opportunities. Inhaltsverzeichnis Introduction; 1. London's first stock market boom; 2. The rise of the public funds; 3. The contemporary debate; 4. The development of a financial press; 5. Networks of information; 6. The investors; 7. Stock-jobbing the market; 8. Investment strategies; Conclusion; Appendices; Bibliography.

Produktdetails

• Autoren: Anne L. Murphy, Anne L. (University of Exeter) Murphy, Murphy Anne L.
• Verlag: Cambridge University Press ELT
• Sprache: Englisch
• Produktform: Taschenbuch
• Erschienen: 09.08.2012
• EAN: 9781107406209
• ISBN: 978-1-107-40620-9
• Seiten: 298
• Serien: Cambridge Studies in Economic History: Second Series; Cambridge Studies in Economic History: Second Series; Cambridge Studies in Economic History - Second Series
• Themen: Geisteswissenschaften, Kunst, Musik > Geschichte > Regional- und Ländergeschichte; Sozialwissenschaften, Recht,Wirtschaft > Wirtschaft > Allgemeines, Lexika; England, European History, Finance, BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Finance / General, HISTORY / Europe / Great Britain / Georgian Era (1714-1837), HISTORY / Europe / Great Britain / Stuart Era (1603-1714), Economic history, 18th century, c 1700 to c 1799, 17th century, c 1600 to c 1699, C 1600 To C 1700, Finance and the finance industry