Jump to ContentJump to Main Navigation
Men, Women, and MoneyPerspectives on Gender, Wealth, and Investment 1850-1930$
Users without a subscription are not able to see the full content.

David R. Green, Alastair Owens, Josephine Maltby, and Janette Rutterford

Print publication date: 2011

Print ISBN-13: 9780199593767

Published to Oxford Scholarship Online: September 2011

DOI: 10.1093/acprof:oso/9780199593767.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 19 November 2018

Wealth, Investment, and Global Finance: International Financial Centres, 1870–193 0

Wealth, Investment, and Global Finance: International Financial Centres, 1870–193 0

Chapter:
(p.248) Chapter 11 Wealth, Investment, and Global Finance: International Financial Centres, 1870–1930
Source:
Men, Women, and Money
Author(s):

Youssef Cassis

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199593767.003.0011

International financial centres are of key importance for the activities which are the theme of this book. Centres are based on the grouping of a number of financial services which provide intermediation between a surplus and deficit of capital. The chapter deals primarily with London, the world financial centre 1870–1914, and with New York, which was its rival in the 1920s. It identifies a number of factors of crucial importance for the development of international centres, including political stability, the availability of satisfactory financial information and appropriate, adequately regulated institutions. The economic power of the host country and the impact of war are also significant for centres’ status. The chapter suggests that financial centres were implicated in imperialism both for countries at the imperial centre, which benefited from investment, and those at the periphery whose borrowing has been argued to have subjected them to informal domination.

Keywords:   financial services, London, New York, financial centres, international banking, stock exchange, foreign investment, capital exports, nineteenth century, twentieth century

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .