The Globalization of Merchant Banking before 1850
Author | : Manuel Llorca-Jaña |
Publisher | : Routledge |
Total Pages | : 185 |
Release | : 2017-07-05 |
ISBN-10 | : 9781351543941 |
ISBN-13 | : 1351543946 |
Rating | : 4/5 (946 Downloads) |
Download or read book The Globalization of Merchant Banking before 1850 written by Manuel Llorca-Jaña and published by Routledge. This book was released on 2017-07-05 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: London merchant bankers emerged during the 1820s in the wake of financial turmoil caused by the wars of American Independence, the Napoleonic campaigns and the Anglo-American war of 1812. Though the majority of merchant bankers remained cautious in their affairs, Huth & Co established an impressive global network of trade and lending, dealing with over 6,000 correspondents in more than seventy countries. Based on archival research, this comparative study provides a new chronology of early nineteenth-century commercial and financial expansion.Huth & Co. were truly market-makers and key intermediaries of commodities and capital flows in the international economy. This is an important example of a firm shaping globalisation well before the transport and communication revolution of the last quarter of the nineteenth century. But rather than a case study, this is a comparative study concerned with the commercial and financial activities of the leading merchant-bankers of the periodThis book will be of great interest to business and economic historians interested in the nature of the early decades of the first globalization.