
THEMONEY MARKET
CHAPTER I THE BEGINNING OF BANKING IN ENGLAND
CHAPTER II FOUNDATION AND GROWTH OF THEBANK OF ENGLAND
CHAPTER III THE EARLY PRIVATE BANKERS
CHAPTER IV THE BANK CHARTER ACT OF 1844,AND ITS SUSPENSIONS
CHAPTER V THE DEVELOPMENT OF LONDON AS THE FINANCIAL CENTRE OF THE WORLD
CHAPTER VI FACTORS OF THE MONEY MARKET
CHAPTER VII THE BANK RETURN
CHAPTER VIII THE GROWTH OF JOINT-STOCK BANKS
CHAPTER IX JOINT-STOCK BANKBALANCE SHEETS
The book opens by reminding listeners that the money market, though invisible in daily life, underpins the fortunes of both rich and poor. It walks back to the first exchanges of skins for grain, showing how barter gave way to coins and early monetary practices in England. From the Norman era onward, the narrative follows the gradual emergence of true banking, setting the stage for modern finance.
Key episodes bring the medieval Jewish moneylenders, the Lombard merchants of the Street, and the visionary Sir Thomas Gresham into focus, illustrating how each group shaped the evolving system. The author then describes the shift from storing wealth in the Tower of London to entrusting it with goldsmiths, a change that laid the groundwork for contemporary banking. Throughout, the story remains vivid, linking past innovations to the market forces that still affect us today.
Language
en
Duration
~3 hours (214K characters)
Publisher of text edition
Project Gutenberg
Credits
Produced by Paul Marshall and the Online Distributed Proofreading Team at http://www.pgdp.net (This file was produced from images generously made available by The Internet Archive)
Release date
Mar 12, 2020
Rights
Public domain in the USA.
1863–1941
A practical early-20th-century guide to banking and finance comes from a writer who taught the subject professionally. Best known for The Money Market, he explained how England’s banking system grew and how London became a financial center.
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