From the private bank to the joint-stock bank: the case of France second half of the 19th centuryReportar como inadecuado

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1 CRESAT - Centre de Recherches sur les Économies, les Sociétés, les Arts et les Techniques

Abstract : This paper based on the results of a prosopographic study of Second-Empire Parisian Bankers, deals with the question of the banking revolution and the confrontation between the old banks and the new - between the private bank and the joint-stock banks. Three conclusions emerge: - There were two types of banker: the new managers were clearly distinguishable from their private banking colleagues by their cultural and social origins - most were French, Catholic and from modest backgrounds. - However, in exercising their functions they behaved exactly like the heads of the private banks - personalised management, a confusion between their private fortunes and the company-s assets, membership of the same boards of directors. - Despite specialising, the banks followed mixed banking practices along the same lines as the private banks. French capitalism thus experienced a brief period of euphoria 1850-1880 which came to an abrupt halt with the Great Depression Published CD-rom : - From the Private Bank to the Joint-Stock-Bank : The Case of France Second Half of the 19th Century -, Companies-Owners-Employees, Proceedings from the 6th Annual Congress ot the European Business History Association EBHA, 22-24.8.2002, University of Helsinki, Department of Social Science History, 2003 CD-rom.

Keywords : Banking banker banking revolution merchant bank joint-stock bank Second Empire

Autor: Nicolas Stoskopf -



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