This book is available in Oxford Scholarship Online
| Reviews |
| - 'Michie offers a richly detailed and well-documented narrative, written in cogent prose and intermittently enlivened with understated wit ... Michie's impressive book now sets the standard. Anyone with an interest in English financial development or corporate history will find his book to be of value.' - Financial History Review
|
| Description | | - Chronicles the history of the London Stock Exchange from 1700 to the present day
- Evaluates the analysis against a background of world economic progress
- Broad study encompassing external repercussions and relationships
- Author is acknowledged world expert in the history of stock exchanges
| In 2001, the London Stock Exchange will be 200 years old, though its origins go back a century before that. This book traces the history of the London Stock Exchange from its beginnings around 1700 to the present day, chronicling the challenges and opportunities it has faced, avoided, or exploited over the years.
Throughout, the history seeks to blend an understanding of the London Stock
Exchange as an institution with that of the securities market of which it was - and is - such an important component. One cannot be examined satisfactorily without the other. Without a knowledge of both, for example, the causes of the 'Big Bang' of 1986 would forever remain a mystery. However, the history of the London Stock Exchange is not just worthy of study for what it reveals about the
interaction between institution and market. Such was the importance of the London Stock Exchange that its rise to world dominance before 1914, its decline thereafter, and its renaissance from the mid-1980s, explain a great deal about Britain's own economic performance and the working of the international economy.
For the first time a British economic institution of foremost importance is
studied throughout its entire history, with regard to the roles played and the constraints under which it operated, and the results evaluated against the background of world economic progress. |
Readership: Business historians, economists, and students of finance at advanced undergraduate and postgraduate level; Professionals studying for qualifications in finance, especially securities markets; Anyone with an interest in international financial history, in particular the City of London and its relationship with both the British government and the global securities market.
| Contents |
Introduction
From Market to Exchange, 1693-1801
From Money to Capital, 1801-51
From Domestic to International, 1850-1914
Shattered Dominance: The First World War, 1914-18
Challenges and Opportunities, 1919-39
The Changing Marketplace between Wars
New Beginnings: The Second World War
Recovery and Crisis, 1945-9
Drifting towards Oblivion, 1950-9
Failing to Adjust, 1960-9
Prelude to Change, 1970-9
Big Bang
Black Hole
Conclusion
|
| Authors, editors,
and contributors | Ranald C. Michie, Professor of History, University of Durham
|
The specification in this catalogue, including without
limitation price, format, extent, number of illustrations,
and month of publication, was as accurate as
possible at the time the catalogue was compiled.
Occasionally, due to the nature of some contractual restrictions, we
are unable to ship a specific product to a particular territory.
Jacket images are provisional and liable to change before publication.
|