'A knavish people…': London Jewry and the stock market during the South Sea Bubble

Ann Carlos, Karen Maguire and Larry Neal ()

Business History, 2008, vol. 50, issue 6, 728-748

Abstract: In an era when financial markets were only beginning the move from personal to impersonal relations, this paper examines the role of Jewish brokers in the market for Bank of England stock at a time when their status as recent immigrants, subject to constraints due to religion and ethnicity, made them unlikely intermediaries beyond their own communities. Using formal network analysis, an examination of their activity during the first half of 1720 suggests a marginal role. However, as the Bubble began to burst a few Jewish financiers became disproportionately involved as purchasers of a stock clearly on the decline.

Keywords: capital markets; micro-structure; South Sea Bubble; London Jewry; networks (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (6)

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DOI: 10.1080/00076790802420039

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