By the early 1700s, London had established the basic mechanisms of modern finance – a central bank with the ability to stabilise monetary policy; a stock exchange to enable financing of industry and commerce; and an insurance marketplace to cover risks in business. These capabilities were not unique however. As motioned, Antwerp had a thriving…
By the early 1700s, London had established the basic mechanisms of modern finance – a central bank with the ability to stabilise monetary policy; a stock exchange to enable financing of industry and commerce; and an insurance marketplace to cover risks in business. These capabilities were not unique however. As motioned, Antwerp had a thriving…
As mentioned, three core financial service businesses began at the same time at the end of the seventeenth century: the Bank of England in 1694; Lloyd’s Coffee House in 1688; and the London Stock Exchange in 1698. The Stock Exchange has obviously been the major innovator in cementing London’s standing as a focal point for…
As mentioned, three core financial service businesses began at the same time at the end of the seventeenth century: the Bank of England in 1694; Lloyd’s Coffee House in 1688; and the London Stock Exchange in 1698. The Stock Exchange has obviously been the major innovator in cementing London’s standing as a focal point for…
Alongside the founding of the Bank of England, the making of London as the City of Finance can be traced to two other key developments that occurred at the same time: the opening of an insurance centre and a stock exchange. Coincidentally, all of these things happened around the same time: the Bank of England…
Alongside the founding of the Bank of England, the making of London as the City of Finance can be traced to two other key developments that occurred at the same time: the opening of an insurance centre and a stock exchange. Coincidentally, all of these things happened around the same time: the Bank of England…
Following the disaster of Charles II’s spending under the Stuarts, the newly reformed operations were stabilised under the new monarch, King William III. Realising that his purse was haemorrhaging and that he couldn’t do the same as Charles, as in just default, William decided to create a new Bank that would enable funding whilst being…
Following the disaster of Charles II’s spending under the Stuarts, the newly reformed operations were stabilised under the new monarch, King William III. Realising that his purse was haemorrhaging and that he couldn’t do the same as Charles, as in just default, William decided to create a new Bank that would enable funding whilst being…
After the Tudors, England went through a period of massive turmoil under the new Royal Household of the Stuarts. Throughout the 17th Century, the Royal Household (the Crown) and Government (Parliament) were at war, both figuratively and literally. The 1640s saw a massive revolution in the country, with the execution of King Charles I, and…
After the Tudors, England went through a period of massive turmoil under the new Royal Household of the Stuarts. Throughout the 17th Century, the Royal Household (the Crown) and Government (Parliament) were at war, both figuratively and literally. The 1640s saw a massive revolution in the country, with the execution of King Charles I, and…
