The Evolution of the Money Market 1385-1915

An Historical and Analytical Study of the Rise and Development of Finance as a Centralised, Co-ordinated Force

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This reissue (1916) is still recognised as a valuable historical and analytical study of the rise and development of finance as a centralised, coordinated force during the period 1385 to 1915. It examines the evolution of the money market, and describes the decline of the anti-usury sentiment, the beginnings of banking, and the early stock exchange.