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The Finance of British Industry, 1918-1976 (Paperback)
Loot Price: R1,418
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The Finance of British Industry, 1918-1976 (Paperback)
Series: Economic History
Expected to ship within 12 - 17 working days
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How has British industry financed itself in the past? With the
current debate on industry's financial strategy, this study of the
past sixty years is a particularly timely contribution to the
discussions on the future financing of industry. This book gives,
for the inter-war years, a detailed examination of the main sources
of funds, covering long-term and short-term funding. It also traces
the transition in the new issue market and explores the course of
firms' own internal funds, and ends his coverage of the pre-war
years with a chapter on the Macmillan Gap. Dr Thomas puts
particular emphasis on the influence of government policy on the
financing of industry in post-war Britain. He also explains the
effects the new sources of finance have had on industry and the
major public corporations. His last chapter surveys the later
developments in the main sources and uses of funds and the factors
responsible for them, and includes an illuminating comparison of
financial practices in some of the major overseas industrial
countries. Dr. Thomas has written a clear and objective account
describing the trends in finance since the First World War. His
notably well-documented book is an essential reference work.
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