1st Edition
The Management of the National Debt of the United Kingdom 1900-1932
By Jeremy Wormell
Copyright 2000
836 Pages
by
Routledge
836 Pages
by
Routledge
836 Pages
by
Routledge
Also available as eBook on:
This impressive and pioneering work describes and analyses the management of the national debt of the United Kingdom from the Boer War (1899-1902) to the period of the Great Depression in the early 1930s. It therefore spans the expansion of the debt during the Great War of 1914-18 and the struggle to bring its structure and cost under control in the decade and a half following Armistice. The... Read more
Part I The foundations of the twentieth-century debt; Chapter 1 Sinking funds, annuities and savings banks; Chapter 2 An Edwardian debt; Part II The Great War; Chapter 3 Lloyd George’s Loan; Chapter 4 McKenna’s Conversion; Chapter 5 The small saver and continuous borrowing; Chapter 6 The beginning of overseas borrowing and the Anglo-French Loan; Chapter 7 The year of drift; Chapter 8 The year of drift; Chapter 9 External borrowing 1917–18; Chapter 10 External borrowing 1917–18; Chapter 11 Bonar Law’s Loans; Chapter 12 National War Bonds and continuous borrowing; Part III Repayment, refinancing, conversion and funding; Chapter 13 Victory and Funding; Chapter 14 The struggle for internal control, 1919–23; Chapter 15 The external market and Canada; Chapter 16 The debt to the US Treasury and the Blackett–Rathbone talks; Chapter 17 The Balfour Note and the Baldwin Settlement; Chapter 18 The price of indebtedness,1924–31; Chapter 19 The great conversion; Chapter 20 Savings Certificates, savings banks and capital advances; Chapter 21 Debt repayment and the sinking funds; Chapter 22 The development of market management;
Biography
Jeremy Wormell worked in the gilt-edged market in London. His previous publications on the fixed-interest markets have been The Giltedged Market (1985), The Gilt-edged Market Compendium (1989) and National Debt in Britain 1850–1930 (1999).
