Project Gutenberg 2003-08-01 Public domain in the USA. 223 Bagehot, Walter 1826 1877 Lombard Street: A Description of the Money Market Wikipedia page about this book: https://en.wikipedia.org/wiki/Lombard_Street:_A_Description_of_the_Money_Market Produced by Edited by Charles Aldarondo "Lombard Street: A Description of the Money Market" by Walter Bagehot is a detailed economic treatise written in the late 19th century. The book aims to demystify the complexities of the money market, challenging the notion that such topics can only be discussed in abstract terms. Bagehot introduces the subject by emphasizing his intention to focus on the tangible realities of the money market, particularly how it functions and its significance in the context of London's banking system. The opening of "Lombard Street" outlines Bagehot's approach to discussing the money market by rejecting traditional themes surrounding the Act of 1844, which many debates have commonly focused on. Instead, he aims to explore the evolution and structure of Lombard Street as an economic machine that channels financial resources, highlighting its dual nature of immense power and delicacy. He illustrates England’s position as a world leader in economic power through its banking practices, presenting a vivid comparison of London’s financial resources with those of other major cities. Batehot provides arguments that indicate the development of a sophisticated loan-fund in Lombard Street, which functions as a crucial intermediary between savings in agricultural areas and the industrial demands of growing urban centers, promoting a functioning economy reliant on borrowed capital. (This is an automatically generated summary.) Reading ease score: 62.6 (8th & 9th grade). Neither easy nor difficult to read. en Finance -- Great Britain Banks and banking -- Great Britain Banks and banking -- England -- London Finance -- England -- London HG Text Category: History - Modern (1750+) Category: Business/Management Category: Economics 501464 2025-07-02T10:37:53.049744 text/html 501285 2025-01-09T00:01:39.563953 text/html 261527 2025-07-02T10:38:00.676728 application/epub+zip 268944 2025-07-02T10:37:56.202717 application/epub+zip 241654 2025-07-02T10:37:55.043744 application/epub+zip 483307 2025-07-02T10:38:04.150687 application/x-mobipocket-ebook 457028 2025-07-02T10:37:59.946738 application/x-mobipocket-ebook 372155 2022-09-02T14:16:57.905692 application/x-mobipocket-ebook 477834 2025-07-02T10:37:52.698735 text/plain; charset=us-ascii 477754 2014-10-20T10:23:26 text/plain; charset=us-ascii 18523 2025-07-02T10:38:04.271678 application/rdf+xml 16087 2025-07-02T10:37:55.542728 image/jpeg 3632 2025-07-02T10:37:55.289709 image/jpeg 167041 2014-10-20T10:23:58 application/octet-stream application/zip 259768 2025-07-02T10:37:53.089759 application/octet-stream application/zip Archives containing the RDF files for *all* our books can be downloaded at https://book.klll.cc/wiki/Gutenberg:Feeds#The_Complete_Project_Gutenberg_Catalog en.wikipedia