Synopses & Reviews
This accessible study investigates the role of banks in financing British industry. Despite the City of London's importance as a financial center, there has been much dispute over the level of support that banks have given to British industry. Michael Collins weighs the conflicting arguments. Is there evidence of failure in the money markets? Has the estrangement of financial and industrial capital hindered Britain's economic development? He places these and other questions in a historical context and provides a survey of recent literature on this contentious subject.
An accessible and balanced study of the disputed role of banks in financing British industry.
Despite the City of London's importance as a financial centre, there is much dispute over the level of support that banks have given to British Industry. Michael Collins' accessible study weighs the conflicting arguments, placing them in an historical context and providing a survey of literature on this contentious subject.
Table of Contents
Editor's preface; 1. The nature of the problem; 2. Explanatory schema; 3. Industrial finance before 1870; 4. Banks and industry, 1870-1914; 5. City vs industry, 1870-1914; 6. The interwar period; 7. Summary; Notes; Select Bibliography; Index.