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The Treasury, Britain's post-war reconstruction and the industrial intervention of the Bank of England, 1921-1929

Author

Listed:
  • Valerio Cerretano

    (University of Bozen - University of Bozen)

Abstract

This article describes how the Trade Facilities Act (TFA) and the liquidation of certain government-owned assets spurred the industrial intervention of the Bank of England in the 1920s. What emerges is a much greater role of the Treasury in the Bank of England's industrial intervention than has been hitherto suggested. This essay places the theme of the Bank of England's industrial intervention within the broader discussions about Treasury history and Britain's post-war reconstruction, and refines the argument that the original involvement of the Bank of England with industry merely represented an extension of its pre-war operations of branch banking and its duties as a central bank.

Suggested Citation

  • Valerio Cerretano, 2007. "The Treasury, Britain's post-war reconstruction and the industrial intervention of the Bank of England, 1921-1929," Working Papers halshs-00587880, HAL.
    • Handle: RePEc:hal:wpaper:halshs-00587880
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00587880
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