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The Globalization of Merchant Banking before 1850 - The case of Huth & Co. (Hardcover)
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The Globalization of Merchant Banking before 1850 - The case of Huth & Co. (Hardcover)
Series: Financial History
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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 period This book will be of great
interest to business and economic historians interested in the
nature of the early decades of the first globalization.
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