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SUMMARY:'The Collapse of the City of Glasgow Bank\, 1878\, and other ninet
 eenth century failures' - Professor Duncan Ross
DTSTART:20100301T170000Z
DTEND:20100301T190000Z
UID:TALK22419@talks.cam.ac.uk
CONTACT:D'Maris Coffman
DESCRIPTION:THIS TALK HAS BEEN CANCELLED OWING TO ILLNESS IN THE SPEAKER's
  FAMILY.\n\nThe City of Glasgow Bank collapse in October 1878 was a signif
 icant\neconomic and financial shock to the economy.  The majority of\nshar
 eholders were bankrupted and the collapse had a significant impact\non the
  arguments for the adoption of limited liability in banking.  This\npaper 
 sees the collapse in the context of a series of banking crises\nthrough th
 e nineteenth century\, and focuses on the learning processes\nexhibited.  
 It suggests that\, by the end of the century\, a number of\nimportant less
 ons about the relationship between banks and industry had\nbeen learned.  
 The City of Glasgow brought many of these lessons into\nsharp relief\, and
  the crisis of 2008 revealed the need to learn many of\nthese lessons once
  more.  \n\nThere will be a drinks reception afterwards. For more informat
 ion\, contact ddc22.
LOCATION:Barbara White Room\, Newnham College
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