By Ranald Michie
In 2001, the London inventory alternate might be 2 hundred years previous, even though its origins return a century prior to that. This booklet lines the heritage of the London inventory trade from its beginnings round 1700 to the current day, chronicling the demanding situations and possibilities it has confronted, refrained from, or exploited through the years.
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Extra info for The London Stock Exchange
26 Fairman, Stocks Examined, 20; R. W. Wade, The Stock-holder's Assistant, (London 1806), pp. iii, vi. 27 J. Hoppit, Risk and Failure in English Business (Cambridge 1987), 63–4, 69–70, 133–4; M. Buchinsky and B. Polak, ‘The Emergence of a National Capital Market in England, 1710–1880’, J. Ec. H. 53 (1993), 18; B. L. Anderson, ‘Provincial Aspects of the Financial Revolution of the Eighteenth Century’, B. H. 2 (1969), 11, 18, 21; B. L. Anderson, ‘Money and the Structure of Credit in the Eighteenth Century’, B.
It also meant that the government could obtain the ﬁnance it required to wage war without putting such a strain on the capital market that productive areas of the economy would be disadvantaged. In the course of the eighteenth century, the London securities market thus became an integral part of both the nation's capital market, through the ﬁnance of the National Debt, and the money market, with the home it provided for bankers' balances. 27 Internationally, the London securities market also played a role.
Thomas, The Stock Exchanges of Ireland (Liverpool 1986), 44, 48–9. FROM MARKET TO EXCHANGE, 1693-1801 35 resented being expected to pay it. 36 On 7 January 1801 the Committee of Proprietors, representing those who owned the Stock Exchange building, suggested that it should be converted into a Subscription Room. These proprietors were also major users of the market like John Capel and David Ricardo. The proprietors calculated that they would get an acceptable return on their investment in the building if a minimum of 200 subscribers were recruited, with each paying 10 guineas per annum.