Ranald Michie is Professor of History at the University of Durham where he has been since 1974. He has also held visiting research fellowships in both the United States and Canada and has delivered papers in numerous international institutions. His international speciality is the history of stock exchanges having conducted research in both the British Isles and North America.

Michie offers a richly detailed and well-documented narrative, written in cogent prose and intermittently enlivened with understated wit ... Michie's impressive book now sets the standard. Anyone with an interest in English financial development or corporate history will find his book to be of value.

• Introduction ; 1. From Market to Exchange, 1693-1801 ; 2. From Money to Capital, 1801-1851 ; 3. From Domestic to International, 1850-1914 ; 4. Shattered Dominance: The First World War, 1914-1918 ; 5. Challenges and Opportunities, 1919-1939 ; 6. The Changing Market Place Between the Wars ; 7. New Beginnings: The Second World War, 1939-1945 ; 8. Recovery and Crisis, 1945-1949 ; 9. Drifting Towards Oblivion, 1950-1959 ; 10. Failing to Adjust, 1960-1969 ; 11. Prelude to Change, 1970-1979 ; 12. Big Bang ; 13. Black Hole ; Conclusion

Ranald Michie is Professor of History at the University of Durham where he has been since 1974. He has also held visiting research fellowships in both the United States and Canada and has delivered papers in numerous international institutions. His international speciality is the history of stock exchanges having conducted research in both the British Isles and North America.

Michie offers a richly detailed and well-documented narrative, written in cogent prose and intermittently enlivened with understated wit ... Michie's impressive book now sets the standard. Anyone with an interest in English financial development or corporate history will find his book to be of value.

• Introduction ; 1. From Market to Exchange, 1693-1801 ; 2. From Money to Capital, 1801-1851 ; 3. From Domestic to International, 1850-1914 ; 4. Shattered Dominance: The First World War, 1914-1918 ; 5. Challenges and Opportunities, 1919-1939 ; 6. The Changing Market Place Between the Wars ; 7. New Beginnings: The Second World War, 1939-1945 ; 8. Recovery and Crisis, 1945-1949 ; 9. Drifting Towards Oblivion, 1950-1959 ; 10. Failing to Adjust, 1960-1969 ; 11. Prelude to Change, 1970-1979 ; 12. Big Bang ; 13. Black Hole ; Conclusion

Ranald Michie is Professor of History at the University of Durham where he has been since 1974. He has also held visiting research fellowships in both the United States and Canada and has delivered papers in numerous international institutions. His international speciality is the history of stock exchanges having conducted research in both the British Isles and North America.

Michie offers a richly detailed and well-documented narrative, written in cogent prose and intermittently enlivened with understated wit ... Michie's impressive book now sets the standard. Anyone with an interest in English financial development or corporate history will find his book to be of value.

• Introduction ; 1. From Market to Exchange, 1693-1801 ; 2. From Money to Capital, 1801-1851 ; 3. From Domestic to International, 1850-1914 ; 4. Shattered Dominance: The First World War, 1914-1918 ; 5. Challenges and Opportunities, 1919-1939 ; 6. The Changing Market Place Between the Wars ; 7. New Beginnings: The Second World War, 1939-1945 ; 8. Recovery and Crisis, 1945-1949 ; 9. Drifting Towards Oblivion, 1950-1959 ; 10. Failing to Adjust, 1960-1969 ; 11. Prelude to Change, 1970-1979 ; 12. Big Bang ; 13. Black Hole ; Conclusion