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Women, Mechanization and Cost Savings in Twentieth Century British Banks and Other Financial Institutions

Peter Wardley

Chapter 3 in A Business and Labour History of Britain, 2011, pp 32-59 from Palgrave Macmillan

Abstract: Abstract In the course of the twentieth century the British financial system was transformed. Although economic historians often prioritize the manufacturing companies that have delivered dynamic industrial performance, this drive for modernization of services provision was an essential element that underpinned the emergence of the British corporate economy and the consolidation of modern economic growth. While different components of the financial system, including the insurance companies, contributed to this development, the vanguard of the movement was provided by the ‘High Street’ banks, the familiar institutions that by the mid-century provided retail financial services on a mass scale. Each of the ‘Big Five’ high street banks (Barclays Bank; Lloyds Bank; Midland Bank; National Provincial Bank; and the Westminster Bank) realized its own strategic policy that had been designed to achieve its transformation.1

Keywords: Banking Sector; Female Labour; Branch Banking; Building Society; Bank Staff (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-33700-8_3

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DOI: 10.1057/9780230337008_3

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