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SUMMARY:Saving the City: The Great Financial Crisis of 1914 - Professor Ri
 chard Roberts - Director\, Centre for Contemporary British History at King
 s College\, London 
DTSTART:20140120T170000Z
DTEND:20140120T183000Z
UID:TALK50072@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:In London\, the world’s foremost financial centre\, the week
  before the outbreak of the First World War saw the breakdown of the marke
 ts\, culminating with the closure for the first time ever of the London St
 ock Exchange on Friday 31 July. Outside the Bank of England a long anxious
  queue waited to change bank notes for gold sovereigns. Bankers believed t
 hat a run on the banks was underway\, threatening the collapse of the bank
 ing system – all with the nation on the eve of war.\n\nProfessor Richard
  Roberts tells the extraordinary\, and largely unknown\, story of this acu
 te financial crisis that surged over London and around the globe. Drawing 
 on diaries\, letters\, and memoirs of participants and a wide range of pre
 ss coverage\, as well as government and bank archives\, he presents a live
 ly and colourful account of a remarkable episode in financial and social h
 istory\, outlining the drama of the collapse and the measures taken to con
 tain it. This crucial and compelling ‘missing piece’ in the world’s 
 financial development was the first true global financial crisis\, and pro
 ved a landmark in the management of financial crises.
LOCATION:Lucia Windsor Room\, Newnham College
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