Abstract
In retrospect, the crisis in December 1973 can be seen as the culmination of a fifteen-year period of rapid change in the City of London’s banking and financial mechanisms. In 1958 new influences, partly political and partly economic, began to make for an environment which was more hospitable than before to new money enterprises.
The Empire may have disintegrated and the UK may now be a third rate power, but the City of London has staged a comeback which would be the envy of any child movie star reaching maturity.1
Professor Ira Scott
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© 1982 Margaret Isabel Reid
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Reid, M. (1982). Developments in the Financial System, 1958–73. In: The Secondary Banking Crisis, 1973–75. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05286-8_3
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DOI: https://doi.org/10.1007/978-1-349-05286-8_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-05288-2
Online ISBN: 978-1-349-05286-8
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