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Savings Banking and the Industrial Revolution

In: Swiss Banking

Author

Listed:
  • Hans Bauer

    (Swiss Bank Corporation)

  • Warren J. Blackman

    (The University of Calgary)

Abstract

The nineteenth century may be characterised as not only the flowering of the industrial revolution but also the development of modern banking to the effective and efficient institution for the transmission of payments that we know today. In this the British certainly led the way, to be quickly followed by other countries in Europe and North America. From note-issuing banks in the earlier years of the century to cheque accounts and demand deposits, the banks proved themselves to be both at the centre of economic development and necessary to the efficiency of the growing economies of the world.

Suggested Citation

  • Hans Bauer & Warren J. Blackman, 1998. "Savings Banking and the Industrial Revolution," Palgrave Macmillan Books, in: Swiss Banking, chapter 5, pages 85-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26735-4_5
    DOI: 10.1007/978-1-349-26735-4_5
    as

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