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The ascent of Asian finance

In: Future Asia

Author

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  • Rajiv Biswas

Abstract

When Wellington defeated Napoleon at the Battle of Waterloo in 1812, Nathan Rothschild is reputed to have received the news through his own personal messengers more swiftly than the British government. In what has now become a legendary example of his financial acumen, he is believed to have used this advance information together with clever trading tactics to make significant profits by trading in government consols on the London Stock Exchange. The rise of the House of Rothschild during the 19th and 20th centuries has become almost synonymous with the rise of European finance during that era.

Suggested Citation

  • Rajiv Biswas, 2013. "The ascent of Asian finance," Palgrave Macmillan Books, in: Future Asia, chapter 0, pages 59-81, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-02722-1_5
    DOI: 10.1057/9781137027221_5
    as

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