Wirtschaftsführung und Finanzwesen bei den englischen Eisenbahnen

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Monograph

Identifikator:: 1760693901

URN:: urn:nbn:de:zbw-retromon-138956

Document type:: Monograph

Author:: Homberger, Ludwig M. http://d-nb.info/gnd/124000088

Title:: Wirtschaftsführung und Finanzwesen bei den englischen Eisenbahnen

Place of publication:: Berlin

Publisher:: Verl. d. Verkehrswissenschaftlichen Lehrmittelges. m. b. H. b. d. Deutschen Reichsbahn

Year of publication:: 1928

Scope:: VIII, 64 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: A. Allgemeiner Teil. Die Grundsätze der Finanzgebahrung und Wirtschaftsführung

Collection:: Economics Books

127 and industry all over the world developed that historically unprecedented expansion which so enormously multiplied the wealth of the world, and gradually withdrew from London its former financial power. Investors of all nationalities used their newly acquired wealth in the purchase of the stocks of their own countries, thereby shifting the dominating markets in them to their own Bourses, and in this way the London Stock Exchange has lost control over many stocks in which its influence was at one time supreme. A very striking example of this happened recently in the case of Argentine securities. These were formerly wholly in the hands of English investors, and British trade depression spelt inevitable reduction in Argentine values. Now it is different ; and whilst during 1904 financial stagnation prevailed in England, Argentine stocks were on the boom, and every ship which left English shores for South American harbours conveyed parcels of Argentine stocks to a new domicile ; and this has continued to the present day. This loss of financial control is a sad fact for the British nation as a whole, but it is advantageous to every individual British investor, as the number of stocks well known to him and to his London stockbroker,

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