The London Stock Exchange: A History by Ranald MichieThe London Stock Exchange: A History by Ranald Michie

The London Stock Exchange: A History

byRanald Michie

Paperback | March 15, 2001

Pricing and Purchase Info


Earn 1,140 plum® points

Prices and offers may vary in store


Ships within 1-3 weeks

Ships free on orders over $25

Not available in stores


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, orexploited 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, thecauses 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 worlddominance 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.
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 ...
Title:The London Stock Exchange: A HistoryFormat:PaperbackPublished:March 15, 2001Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199242550

ISBN - 13:9780199242559

Look for similar items by category:


Table of Contents

Introduction1. From Market to Exchange, 1693-18012. From Money to Capital, 1801-18513. From Domestic to International, 1850-19144. Shattered Dominance: The First World War, 1914-19185. Challenges and Opportunities, 1919-19396. The Changing Market Place Between the Wars7. New Beginnings: The Second World War, 1939-19458. Recovery and Crisis, 1945-19499. Drifting Towards Oblivion, 1950-195910. Failing to Adjust, 1960-196911. Prelude to Change, 1970-197912. Big Bang13. Black HoleConclusion

Editorial Reviews

"In 2001, the London Stock Exchange will be 200 years old; it deserves its history and has received it here in full measure..." "This is a work of scholarship and the author has made full use of the stock exchange's records, going back to 1798, as well as of a wealth of secondary materialconcerning the City of London and the firms in it. It is exceptionally useful as showing the internal workings of the exchange." Colin Leach, Financial Times, 05/01/2000