The establishment of modern banking in Northwest Europe: Germany, France and Britain from the 13th century to the Great European War of 1914-1918

This paper examines the evolution of the French and German banking systems and compare them with the British one from the end of the 18th century to 1914. The two systems grew more or less on parallel paths, with the French integrating numerous bankers of German and Swiss origin. However with the ac...

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Autor principal: Broder, Albert
Formato: Artículo revista
Lenguaje:Español
Publicado: Centro de Estudios Históricos “Prof. Carlos S. A. Segreti” 2012
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Acceso en línea:https://revistas.unc.edu.ar/index.php/refa/article/view/34065
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Sumario:This paper examines the evolution of the French and German banking systems and compare them with the British one from the end of the 18th century to 1914. The two systems grew more or less on parallel paths, with the French integrating numerous bankers of German and Swiss origin. However with the acceleration of industrial and trade growth in Germany the track followed by both diverged. The German Grossbanken adopting the form of Universal Banks active in industry and foreign trade creates autonomous German foreign banks. The t French Banques de Commerce et de Dépôts being more confined to home credit and trade, limiting most of their foreign activities to eastern and Mediterranean Europe; thus illustrating the stagnation of French industrial output and trade.