1st Edition

European Investment in Greece in the Nineteenth Century A Behavioural Approach to Financial History

By Korinna Schönhärl Copyright 2021
484 Pages 23 B/W Illustrations
by Routledge

484 Pages 23 B/W Illustrations
by Routledge

Banking historiography often does not sufficiently take into account bankers’ deliberations of their decision making, but rather limits investigation to considerations of profit maximisation. This book shows that the decision-making processes of nineteenth-century bankers contemplating high-risk financial markets like Greece are just as complex as present-day investment decisions. The book, now... Read more

Foreword

Part I. Investments by European bankers in Greece in the 19th century

Part II. Foreign investment in Greece in the 19th century – nine case studies

1. Philanthropy as a marketing strategy: Loans for Greece during her struggle for independence in 1824/25

2. Liberalism in restoration times: The banker Jean-Gabriel Eynard as the founder of the Greek National Bank (1841)

3. Banking business between Saint-Simonism and philology: The Bavarian-French d´Eichthal family

Digression: The Rothschilds and the guaranteed loan of 1833

4. Antique mines molten again: Lavrion

5. At the service of the chancellor: Bleichröder and the Greek loan of 1889

6. Paris as the new Athens: The Canal of Corinth 1882-1893

7. Grounded in a marsh: the Lake Copais Company

8. Incasso International: Building up confidence by debt redemption?

9. Currant trade in Greece: ‘Monopoly or Death!’

Part III. Conclusion: Greece as a new market in the perception of European bankers (1821-1911)

Acknowledgements

 Abbreviations

Weights and measures

Figures and tables

Archives

Index

Biography

Korinna Schönhärl is a Senior Researcher for Contemporary, Social and Economic History at Goethe University Frankfurt, Germany.

"Korinna Schönhärl’s book, which was translated from her originally German published work in 2017, is a must read book for anyone who is interested in Modern Greek History, Cultural History and Banking and Economic History. I highly recommend it as a brilliant book based on a large number of multi-national state archives and private sources little known until now, which are masterly interpreted and contextualized with a range of theoretical tools from diverse disciplines." --Maria Zarifi, Independent Researcher