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Women, Mechanization and Cost Savings in Twentieth Century British Banks and Other Financial Institutions

In: A Business and Labour History of Britain

Author

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  • Peter Wardley

    (University of the West of England)

Abstract

In the course of the twentieth century the British financial system was transformed. Although economic historians often prioritize the manufacturing companies that have delivered dynamic industrial performance, this drive for modernization of services provision was an essential element that underpinned the emergence of the British corporate economy and the consolidation of modern economic growth. While different components of the financial system, including the insurance companies, contributed to this development, the vanguard of the movement was provided by the ‘High Street’ banks, the familiar institutions that by the mid-century provided retail financial services on a mass scale. Each of the ‘Big Five’ high street banks (Barclays Bank; Lloyds Bank; Midland Bank; National Provincial Bank; and the Westminster Bank) realized its own strategic policy that had been designed to achieve its transformation.1

Suggested Citation

  • Peter Wardley, 2011. "Women, Mechanization and Cost Savings in Twentieth Century British Banks and Other Financial Institutions," Palgrave Macmillan Books, in: Mike Richardson & Peter Nicholls (ed.), A Business and Labour History of Britain, chapter 3, pages 32-59, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-33700-8_3
    DOI: 10.1057/9780230337008_3
    as

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    Citations

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    Cited by:

    1. Bernardo Bátiz-Lazo, 2017. "Between Novelty and Fashion: Risk Management and the Adoption of Computers in Retail Banking," Palgrave Studies in the History of Finance, in: Korinna Schönhärl (ed.), Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, pages 189-207, Palgrave Macmillan.
    2. Batiz-Lazo, Bernardo & Maixe-Altes, J. Carles, 2008. "Organisational change and the computerisation of British and Spanish savings banks, circa 1965-1985," MPRA Paper 14479, University Library of Munich, Germany.
    3. Andrew Seltzer, 2013. "The impact of female employment on male salaries and careers: evidence from the English banking industry, 1890–1941," Economic History Review, Economic History Society, vol. 66(4), pages 1039-1062, November.

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