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Domestic Finance

In: From Crisis to Crisis

Author

Listed:
  • Brian O’Sullivan

    (King’s College London)

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.

Suggested Citation

  • Brian O’Sullivan, 2018. "Domestic Finance," Palgrave Studies in the History of Finance, in: From Crisis to Crisis, chapter 0, pages 225-249, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-3-319-96698-4_8
    DOI: 10.1007/978-3-319-96698-4_8
    as

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