Domestic Finance

Brian O’Sullivan ()
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Brian O’Sullivan: King’s College London

Chapter Chapter 8 in From Crisis to Crisis, 2018, pp 225-249 from Palgrave Macmillan

Abstract: Abstract In this chapter, the widely held view that Britain’s alleged economic decline in the 1930s was a result of the failure of financial institutions to support British industry is questioned. The involvement of the merchant banks and other financial companies with British industry in the interwar period will be surveyed, including the provision of acceptances to British firms and the growth of instalment finance. Since much of the historiography is dominated by the problems of the staple industries and the alleged inadequate response of the City, the role played by the merchant banks in the industrial rationalisation movement will be assessed.

Keywords: Economic decline; Hire purchase; Instalment finance; Macmillan Committee; Staple industries; Industrial rationalisation (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-96698-4_8

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DOI: 10.1007/978-3-319-96698-4_8

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