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First published in 1916, this work is still recognised as a
valuable historical and analytical study of the rise and
development of finance as a centralised, coordinated force during
the period 1385 to 1915. It examines the evolution of the modern
money market, and describes amongst other things the decline of the
anti-usury sentiment, the beginnings of banking, and the early
stock exchange. In detail the author goes on to discuss everything
from the rise of the joint stock banks to the post-banking
evolution.
First published in 1916, this work is still recognised as a
valuable historical and analytical study of the rise and
development of finance as a centralised, coordinated force during
the period 1385 to 1915. It examines the evolution of the modern
money market, and describes amongst other things the decline of the
anti-usury sentiment, the beginnings of banking, and the early
stock exchange. In detail the author goes on to discuss everything
from the rise of the joint stock banks to the post-banking
evolution.
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