This important two volume reference work comprises the most important articles and papers on the history of industrial finance and capital formation from the 18th century to World War I. It covers all the main regions of the world with special emphasis on the United Kingdom, Continental Europe and the United States. By providing a careful selection of the most influential articles, these two volumes make a significant contribution to an issue of great and continuing importance.

This book, the product of a unique international scholarly collaboration sponsored jointly by the American Council of Learned Societies and the Soviet Academy of Sciences, provides a comprehensive survey on international banking from 1870 to 1914. In that period international investment reached dimensions previously unknown, and the banking systems of the world achieved a degree of internationalization without precedent. The book's authors, twenty-five scholars from fifteen countries, are the acknowledged experts in their fields. They detail the origin and development of internationally oriented banks in each major country, and explain their role in foreign investment and industrial finance. They look at all areas of the world that were involved in international investment, either as investors, recipients of investment, or both. The definitive work on international banking from 1870 to 1914, this book will interest scholars and students in financial and banking history, bankers and economists in the finanical industry, and general historians.