
The London Stock Exchange
A History
Ranald Michie(Author)
Oxford University Press
Published on 26. April 2001
Book
Paperback/Softback
688 pages
978-0-19-924255-9 (ISBN)
Description
In 2001, the London Stock Exchange will be 200 years old, though its origins go back a century before that. This book traces the history of the London Stock Exchange from its beginnings around 1700 to the present day, chronicling the challenges and opportunities it has faced, avoided, or exploited over the years.
Throughout, the history seeks to blend an understanding of the London Stock Exchange as an institution with that of the securities market of which it was - and is - such an important component. One cannot be examined satisfactorily without the other. Without a knowledge of both, for example, the causes of the 'Big Bang' of 1986 would forever remain a mystery. However, the history of the London Stock Exchange is not just worthy of study for what it reveals about the interaction between institution and market. Such was the importance of the London Stock Exchange that its rise to world dominance before 1914, its decline thereafter, and its renaissance from the mid-1980s, explain a great deal about Britain's own economic performance and the working of the international economy.
For the first time a British economic institution of foremost importance is studied throughout its entire history, with regard to the roles played and the constraints under which it operated, and the results evaluated against the background of world economic progress.
Throughout, the history seeks to blend an understanding of the London Stock Exchange as an institution with that of the securities market of which it was - and is - such an important component. One cannot be examined satisfactorily without the other. Without a knowledge of both, for example, the causes of the 'Big Bang' of 1986 would forever remain a mystery. However, the history of the London Stock Exchange is not just worthy of study for what it reveals about the interaction between institution and market. Such was the importance of the London Stock Exchange that its rise to world dominance before 1914, its decline thereafter, and its renaissance from the mid-1980s, explain a great deal about Britain's own economic performance and the working of the international economy.
For the first time a British economic institution of foremost importance is studied throughout its entire history, with regard to the roles played and the constraints under which it operated, and the results evaluated against the background of world economic progress.
Reviews / Votes
Michie offers a richly detailed and well-documented narrative, written in cogent prose and intermittently enlivened with understated wit ... Michie's impressive book now sets the standard. Anyone with an interest in English financial development or corporate history will find his book to be of value. * Financial History Review *More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Illustrations
numerous tables
Dimensions
Height: 235 mm
Width: 156 mm
Thickness: 36 mm
Weight
1048 gr
ISBN-13
978-0-19-924255-9 (9780199242559)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

E-Book
04/2001
OUP eBook
€101.99
Available for download

Book
11/1999
Oxford University Press
€147.80
Shipment within 15-20 days
Person
Ranald Michie is Professor of History at the University of Durham where he has been since 1974. He has also held visiting research fellowships in both the United States and Canada and has delivered papers in numerous international institutions. His international speciality is the history of stock exchanges having conducted research in both the British Isles and North America.
Content
Introduction ; 1. From Market to Exchange, 1693-1801 ; 2. From Money to Capital, 1801-1851 ; 3. From Domestic to International, 1850-1914 ; 4. Shattered Dominance: The First World War, 1914-1918 ; 5. Challenges and Opportunities, 1919-1939 ; 6. The Changing Market Place Between the Wars ; 7. New Beginnings: The Second World War, 1939-1945 ; 8. Recovery and Crisis, 1945-1949 ; 9. Drifting Towards Oblivion, 1950-1959 ; 10. Failing to Adjust, 1960-1969 ; 11. Prelude to Change, 1970-1979 ; 12. Big Bang ; 13. Black Hole ; Conclusion