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Learning the business of banking: The management of the Bank of England's first tellers

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  • Anne Murphy

Abstract

This article focuses on what appears from the surviving records to have been the most troublesome of the new Bank of England's functions: the telling of money. The Bank's tellers had a complex job and the mistakes they made often proved costly, thus careful consideration was given to the means by which errors could be limited and servants incentivised to perform at their best. The methods used to motivate the tellers and manage the department, therefore, can reveal much about the men who implemented Britain's financial revolution and can give insights into the reasons for the Bank of England's business success and subsequent longevity.

Suggested Citation

  • Anne Murphy, 2010. "Learning the business of banking: The management of the Bank of England's first tellers," Business History, Taylor & Francis Journals, vol. 52(1), pages 150-168.
    • Handle: RePEc:taf:bushst:v:52:y:2010:i:1:p:150-168
    DOI: 10.1080/00076790903469653
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    References listed on IDEAS

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    1. Michie, Ranald, 2008. "The Global Securities Market: A History," OUP Catalogue, Oxford University Press, number 9780199280629.
    2. Cassis,Youssef, 2006. "Capitals of Capital," Cambridge Books, Cambridge University Press, number 9780521845359.
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