Lombard Street : a description of the money market

Lombard Street : a description of the money market Book Details

By Walter Bagehot

  • Category: Finance, Books, Business & Personal Finance
  • Type: ebook
  • Release Date: 1877-01-01
  • Author: Walter Bagehot
  • Book Ratings: 0/5 (0 User Reviews)

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Lombard Street : a description of the money market Summary

The book was in part a reaction to the financial collapse of Overend, Gurney and Company, a wholesale discount bank located at 65 Lombard Street, London, from which the title draws its name. When this bank suspended payments on 10 May 1866, panic spread across London, Liverpool, Manchester, Norwich, Derby and Bristol.

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