The globalization of merchant banking before 1850 : the case of Huth and Company / / Manuel Llorca-Jaña

• Record Nr.: UNINA9910796661403321
• Autore: Llorca-Jaña Manuel <1975-, >
• Pubbl/distr/stampa: London ; ; New York : , : Routledge, Taylor & Francis Group, , 2016
• ISBN: 1-351-54393-8; 1-351-54394-6; 1-315-08638-7
• Edizione: [First Edition.]
• Descrizione fisica: 1 online resource (185 pages) : illustrations
• Disciplina: 332.1/540941
• Soggetti: Merchant banks - Great Britain - History; Banks and banking - Great Britain - History; Great Britain Commerce History
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: chapter Introduction -- chapter 1 Early life and activities of Frederick Huth, founder of the company, c.1777-1822 -- chapter 2 Expansion of the firm during the 1820s–1830s and the South American branches -- chapter 3 Huth & Co.'s Spanish and German connections during the 1820s–1840s -- chapter 4 The Liverpool branch, agents in Britain and the US connection -- chapter 5 A global enterprise of trade and lending -- chapter 6 Risk-management credit strategies -- chapter 7 Conclusions.
• Sommario/riassunto: "London merchant bankers emerged during the 1820s in the wake of financial turmoil caused by the wars of American Independence, the Napoleonic campaigns and the Anglo-American war of 1812. Though the majority of merchant bankers remained cautious in their affairs, Huth & Co established an impressive global network of trade and lending, dealing with over 6,000 correspondents in more than seventy countries. Based on archival research, this comparative study provides a new chronology of early nineteenth-century commercial and financial expansion.Huth & Co. were truly market-makers and key intermediaries of commodities and capital flows in the international economy. This is an important example of a firm shaping globalisation ; well before the transport and communication revolution of the last quarter of the nineteenth century. But rather than a case study, this is a comparative study concerned with the commercial and financial activities of the leading merchant-bankers of the periodThis book will be of great interest to business and economic historians interested in the nature of the early decades of the first globalization."--Provided by publisher.