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The Management of the National Debt of the United Kingdom 1900-1932 book cover

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

    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 Management of the National Debt in the United Kingdom is the first definitive work on the subject. Using an impressive array of research, from archives and unpublished material, Jeremy Wormell has brought together material that is unavailable in any other form. It will be an invaluable resource for political and economic historians, as well as economists in general, civil servants, bankers and financial journalists.

    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).

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