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Saving the City: The Great Financial Crisis of 1914 by Richard Roberts (Hardcover, 2013)

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£31.92

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This book titled "Saving the City: The Great Financial Crisis of 1914" by Richard Roberts is a hardcover textbook published by Oxford University Press in 2013. It is an excellent resource for anyone studying economics, with 320 pages of insightful content. The book measures 240mm in height and 161mm in width, with a weight of 610g. It is written in English and is perfect for adult learners and university students. The book covers the subject of the Great Financial Crisis of 1914, providing a comprehensive analysis of the events that led to the crisis and the impact it had on the city.

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In London, the world's foremost financial centre, the week before the outbreak of the First World War saw the breakdown of the markets, culminating with the closure for the first time ever of the London Stock Exchange on Friday 31 July. Outside the Bank of England a long anxious queue waited to change bank notes for gold sovereigns. Bankers believed that a run on the banks was underway, threatening the collapse of the banking system-all with the nation on the eve of war. This book tells the extraordinary, and largely unknown, story of this acute financial crisis that surged over London and around the globe. Drawing on diaries, letters, and memoirs of participants and a wide range of press coverage, as well as government and bank archives, it presents a lively and colourful account of a remarkable episode in financial and social history, outlining the drama of the collapse and the measures taken to contain it. This crucial and compelling 'missing piece' in the world's financial development was the first true global financial crisis, and proved a landmark in the management of financial crises.