The City

The City PDF Author: Tony Norfield
Publisher: National Geographic Books
ISBN: 1784785024
Category : Political Science
Languages : en
Pages : 0

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Book Description
Radical insider’s account of how the city of London really works The City, as London’s financial centre is known, is the world’s biggest international banking and foreign exchange market, shaping the development of global capital. It is also, as this groundbreaking book reveals, a crucial part of the mechanism of power in the world economy. Based on the author’s twenty years’ experience of City dealing rooms, The City is an in-depth look at world markets and revenues that exposes how this mechanism works. All big international companies—not just the banks—utilise this system, and The City shows how the operations of the City of London are critical both for British capitalism and for world finance. Tony Norfield details, with shocking and insightful research, the role of the US dollar in global trading, the network of Britishlinked tax havens, the flows of finance around the world and the system of power built upon financial securities. Why do just fifty companies now have control of a large share of world economic production? The City explains how this situation came about, examining the history of the world economy from the postwar period to the present day. If you imagine you don’t like “finance” but have no problem with the capitalist market system, think again: it turns out the two cannot be separated.

The City

The City PDF Author: Tony Norfield
Publisher: National Geographic Books
ISBN: 1784785024
Category : Political Science
Languages : en
Pages : 0

Get Book Here

Book Description
Radical insider’s account of how the city of London really works The City, as London’s financial centre is known, is the world’s biggest international banking and foreign exchange market, shaping the development of global capital. It is also, as this groundbreaking book reveals, a crucial part of the mechanism of power in the world economy. Based on the author’s twenty years’ experience of City dealing rooms, The City is an in-depth look at world markets and revenues that exposes how this mechanism works. All big international companies—not just the banks—utilise this system, and The City shows how the operations of the City of London are critical both for British capitalism and for world finance. Tony Norfield details, with shocking and insightful research, the role of the US dollar in global trading, the network of Britishlinked tax havens, the flows of finance around the world and the system of power built upon financial securities. Why do just fifty companies now have control of a large share of world economic production? The City explains how this situation came about, examining the history of the world economy from the postwar period to the present day. If you imagine you don’t like “finance” but have no problem with the capitalist market system, think again: it turns out the two cannot be separated.

Meat, Commerce and the City

Meat, Commerce and the City PDF Author: Robyn S Metcalfe
Publisher: Routledge
ISBN: 1317321316
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
This study examines the struggle between Smithfield market's supporters and detractors and argues that this demonstrates a major shift in the way the urban landscape came to be used.

City of London

City of London PDF Author: David Kynaston
Publisher: Random House
ISBN: 0099554828
Category : City of London (England)
Languages : en
Pages : 730

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Book Description
The 'Square Mile', London's financial powerhouse, rose to prominence with the defeat of Napoleon in 1815. David Kynaston's vibrant history brings this world to life, taking us from the railway boom of the 1830s to the 'Golden Age', when the legendary gold standard reigned supreme. Between the two World Wars the City was affected by the Wall Street Crash, pressured by politicians, trade unions and industrialists, but by the end of the twentieth century it had regained a precarious global might. Woven throughout are the stories of four individuals who shaped the City in different ways -- Nathan Rothschild, Ernest Cassel, Montagu Norman and Siegmund Warburg. But the realm of great bankers and brokers is also the workplace of young clerks throwing paper darts, typists bringing in their sandwiches, and sad racketeers watching aghast as the markets fall. Above all, we see what it was like to work in the City -- the dress codes, eating habits, work hours, pay, humour, changing architecture and language that forged the unique culture of the Square Mile. Richly entertaining, full of vivid anecdotes, this is a story of booms, busts and bankruptcies -- from the Kaffir boom to the Marconi scandal, the 'Big Bang' deregulation of 1986, and the Barings crash in 1995 -- bringing us to the brink of the modern age.

The Finance Curse

The Finance Curse PDF Author: Nicholas Shaxson
Publisher: Grove Press
ISBN: 0802146384
Category : Business & Economics
Languages : en
Pages : 425

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Book Description
An “artfully presented [and] engaging” look at the insidious effects of financialization on our lives and politics by the author of Treasure Islands (The Boston Globe). How didthe banking sector grow from a supporter of business to the biggest business in the world? Financial journalist Nicholas Shaxson takes us on a terrifying journey through the world economy, exposing tax havens, monopolists, megabanks, private equity firms, Eurobond traders, lobbyists, and a menagerie of scoundrels quietly financializing our entire society, hurting both business and individuals. Shaxson shows how we got here, telling the story of how finance re-engineered the global economic order in the last half-century, with the aim not of creating wealth but extracting it from the underlying economy. Under the twin gospels of “national competitiveness” and “shareholder value,” megabanks and financialized corporations have provoked a race to the bottom between states to provide the most subsidized environment for big business, encouraged a brain drain into finance, fostered instability and inequality, and turned a blind eye to the spoils of organized crime. From Ireland to Iowa, he shows the insidious effects of financialization on our politics and on communities who were promised paradise but got poverty wages instead. We need a strong financial system—but when it grows too big it becomes a monster. The Finance Curse is the explosive story of how finance got a stranglehold on society, and reveals how we might release ourselves from its grasp. Revised with new chapters “[Discusses] corrupt financiers in London and New York City, geographically obscure tax havens, the bizarre realm of wealth managers in South Dakota, a ravaged newspaper in New Jersey, and a shattered farm economy in Iowa . . . A vivid demonstration of how corruption and greed have become the main organizing principles in the finance industry.” —Kirkus Reviews

London's Markets

London's Markets PDF Author: Stephen Halliday
Publisher: The History Press
ISBN: 0752497391
Category : History
Languages : en
Pages : 231

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Book Description
London is a city of markets: markets in meat, fish, fruit, vegetables, money, insurance, shipping and, occasionally, in stolen goods. As both a major port and the nation's capital, it was almost inevitable that commerce became the bedrock on which the city has risen to be one of the world's greatest modern marketplaces. Many of today's street names remind the observant pedestrian of the commercial centres that were to be found in them in times past: Bread Street, Milk Street and Ironmonger Lane; London's market history is all around us. Stephen Halliday's book is a comprehensive account of the long, lurid and often controversial history of London's markets, from Roman Londinium to the London of Boris Johnson, as well as a guide to visiting them (and emerging with a bargain). He explores the historic markets still in existence, and the sites of those that no longer exist, and recounts the fascinating stories of the famous, not-so-famous and sometimes infamous Londoners who have populated them, both as buyers and sellers, through the ages.

The City of London and Social Democracy

The City of London and Social Democracy PDF Author: Aled Davies
Publisher: Oxford University Press
ISBN: 0192526111
Category : History
Languages : en
Pages : 309

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Book Description
The City of London and Social Democracy examines the relationship between the financial sector and the state in post-war Britain. The key argument made in Aled Davies's study is that changes to the financial sector during the 1960s and 1970s undermined the state's capacity to sustain and develop a modern industrial economy. Social democratic economic strategy was constrained by the institutionalization of investment in pension and insurance funds; the fragmentation of the nation's oligopolistic domestic banking system; the emergence of an unregulated international capital market based in London; and the breakdown of the Bretton Woods international monetary system. Novel attempts to reconfigure social democratic economic strategy in response to these changes ultimately proved unsuccessful. Meanwhile, the assumption that national prosperity could only be achieved through industrial growth was challenged by a reconceptualization of Britain as a fundamentally financial and commercial nation -- an idea that was successfully promoted by the City itself. These findings assert the need to place the Thatcher governments' subsequent neoliberal economic revolution, which saw the acceleration of deindustrialization and the triumph of the City of London as a pre-eminent international financial centre, within a broader material, institutional, and cultural context previously underappreciated by historians.

A Survey of the Cities of London and Westminster, Borough of Southwark

A Survey of the Cities of London and Westminster, Borough of Southwark PDF Author: John Stow
Publisher:
ISBN:
Category : London (England)
Languages : en
Pages : 916

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Book Description


The London Stock Exchange

The London Stock Exchange PDF Author: Ranald Michie
Publisher: OUP Oxford
ISBN: 0191529346
Category : Business & Economics
Languages : en
Pages : 696

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Book 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.

The Market and the City

The Market and the City PDF Author: Donatella Calabi
Publisher: Routledge
ISBN: 1351885944
Category : History
Languages : en
Pages : 281

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Book Description
The early modern period is often characterised as a time that witnessed the rise of a new and powerful merchant class across Europe. From Italy and Spain in the south, to the Low Countries and England in the north, men of business and trade came to play an increasingly pivotal role in the culture, politics and economies of western Europe. This book takes a comparative approach to the effect such merchants and traders had on the urban history of market places - streets, squares and civic buildings - in some of the great commercial European cities between the fifteenth and seventeenth centuries. It looks at how this in period, the transformations of designated commercial areas were important enough to modify relationships throughout the entire urban context. Market places tend to be very ancient, continuing to function for centuries on the same location; but between the middle of the fourteenth and the first decades of the seventeenth, their structures began to change as new regulations and patterns of manufacture, distribution and consumption began to install a new uniformity and geometry on the market place. During the period covered by this study, most major European cities undertook the rebuilding of entire zones, constructing new buildings, demolishing existing structures and embellishing others. This book analyses the intentions of innovation, in parallel with sanitary and hygienic reasons, the juridical regulations of the architecture of certain building types and the urban strategies as efficient tools to better control the economic activities within the city.

The Foreign Exchange Market of London

The Foreign Exchange Market of London PDF Author: John Atkin
Publisher: Routledge
ISBN: 1134273959
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
This book charts the inexorable rise of foreign exchange in London over the past century and is the first full-length study of an amazing transformation.