The Origins of English Financial Markets: Investment and Speculation before the South Sea Bubble (Cambridge Studies in Economic History - Second Series) - Softcover

Murphy, Anne L.

Softcover

ISBN 10: 110740620X ISBN 13: 9781107406209

Publisher: Cambridge University Press, 2012

Synopsis

The late seventeenth century was a crucial period in English financial history. A host of joint-stock companies emerged offering the opportunity for investment in projects ranging from the manufacture of paper to the search for sunken treasure. Driven by the demands of the Nine Years' War, the state also employed innovative tactics to attract money, its most famous scheme being the incorporation of the Bank of England. This book provides a comprehensive study of the choices and actions of the investors who enthusiastically embraced London's new financial market. It highlights the interactions between public and private finance, looks at how information circulated around the market and was used by speculators and investors, and documents the establishment of the institutions - the Bank of England, the national debt and an active secondary market in that debt - on which England's financial system was built.

About this title

Review:

"Murphy's book is a good starting point for anyone wishing to know more about an important and intriguing period in financial history." -Bruce G. Carruthers, American Historical Review

Book Description:

This book examines the establishment of the institutions, such as the Bank of England, on which London's financial system was built during this crucial period in English financial history, and, for the first time, reveals the choices and actions of the investors who enthusiastically embraced the new investment opportunities.

About this edition

• Publisher: Cambridge University Press
• Publication date: 2012
• ISBN 10: 110740620X
• ISBN 13: 9781107406209
• Binding: Paperback
• Number of pages: 298