Savings Banking and the Industrial Revolution

Hans Bauer and Warren J. Blackman
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Hans Bauer: Swiss Bank Corporation
Warren J. Blackman: The University of Calgary

Chapter 5 in Swiss Banking, 1998, pp 85-98 from Palgrave Macmillan

Abstract: Abstract The nineteenth century may be characterised as not only the flowering of the industrial revolution but also the development of modern banking to the effective and efficient institution for the transmission of payments that we know today. In this the British certainly led the way, to be quickly followed by other countries in Europe and North America. From note-issuing banks in the earlier years of the century to cheque accounts and demand deposits, the banks proved themselves to be both at the centre of economic development and necessary to the efficiency of the growing economies of the world.

Keywords: Industrial Revolution; Trade Bill; Private Bank; Domestic Investment; Saving Bank (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26735-4_5

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DOI: 10.1007/978-1-349-26735-4_5

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