Zur Revision des Fabrikgesetzes

Investment, an exact science

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Monograph

Identifikator:: 1030928738

URN:: urn:nbn:de:zbw-retromon-82051

Document type:: Monograph

Title:: Zur Revision des Fabrikgesetzes

Place of publication:: Zürich

Publisher:: Verlag von Arnold Bopp

Year of publication:: 1906

Scope:: 1 Online-Ressource (179 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: VII. Vollziehungsbestimmungen

Collection:: Economics Books

126 respect has improved to the advantage of the individual investor, though perhaps to the detriment of London’s financial supremacy. During the third quarter of the last century, which witnessed the dawn of the present industrial development, Europe was in a state of great political unrest, and all Continental bourses were still in the infancy of their subsequent financial importance. For this reason, Great Britain—or perhaps it would be better to say London—was then the only existing international harbour of refuge for all financial transactions of magnitude. Not only every important issue of stock found its way to London, but, in addition, a great deal of foreign capital was entrusted to London for investment. All foreign magnates and poten tates had their nest-eggs in the safe custody of British Banks. This gave to London the undisputed supremacy of the finances of the world, and this position continued until the end of the Franco-German War. This war resulted in the payment of a large indemnity by France to Germany, and the 'subsequent consolidation of all German interests, which struck the first blow to London’s financial supremacy. Then—and particularly during the last decades of the past century—trade, commerce

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