Chapter

Introduction

Ranald C. Michie

in The London Stock Exchange

Published in print April 2001 | ISBN: 9780199242559
Published online November 2003 | e-ISBN: 9780191596643 | DOI: http://dx.doi.org/10.1093/0199242550.003.0001
 Introduction

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The beginning of this introduction stresses the importance of the two major strands to the history of the London Stock Exchange, the first concerning the growth and development of the modern securities market, both within Britain and internationally, and the second concerning the evolution of institutional control over that market as the number of participants and users grew, and the business became ever more complex. The London Stock Exchange exerted a dominant influence in determining both the operation and the structure of the modern securities market, both domestically and globally, and it is only by bringing these two strands together, and tracing their interaction, that the history of the London Stock Exchange can be fully understood: this is what the book seeks to do. However, the remainder of this introduction is devoted to a brief history of the international securities market itself, from the early seventeenth century to modern times.

Keywords: Britain; economic history; history; institution; international securities market; London Stock Exchange; securities market

Chapter.  6437 words. 

Subjects: Economic History

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