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The London and New York Stock Exchanges, 1850–1914

Published online by Cambridge University Press:  03 March 2009

Ranald C. Michie
Ranald C. Michie
Affiliation:
Lecturer in Economic History at the University of Durham, DH1 3HY, England.
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Abstract

This paper compares two financial institutions that provided the same functions at the same time, but in different countries and with different memberships. Though the London and New York stock exchanges appear to be alike between 1850 and 1914, they were not, as each responded in its own way to the forces acting upon it. The result was a radically different organization of the securities market in Britain and the United States. This had important implications for the money and capital markets and consequences for business and the economy.

Type
Articles
Information
The Journal of Economic History , Volume 46 , Issue 1 , March 1986 , pp. 171 - 187
Copyright
Copyright © The Economic History Association 1986

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