First published in 1987, this is a reissue of the first book to
offer a detailed comparison of two of the foremost stock exchanges
in world before 1914. It is not only an exercise in comparative
economic history but it also relates these institutions to wider
world markets, thereby clarifying their functions and how they
related to the general financial and economic framework.
Students and researchers in economic and social history will
welcome the reissue of this groundbreaking account of two
historically important institutions in a crucial period of their
development. Financial practitioners and others will also find much
of interest here, in terms of both fascinating history and of
insights into an era when a global market was rapidly evolving
largely free of the twentieth-century distortions and hindrances
introduced by wars, interventionist governments and exchange
controls.
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