Farmer and Merchant Bank

Studies of the British Industrial Revolution and of the Victorian period of economic and social development have until very recently concentrated on British industries and industrial regions, while commerce and finance, and particularly that of London, have been substantially neglected. This has distorted our view of the process of change because financial services and much trade continued to be centred on the metropolis, and the south-east region never lost its position at the top of the national league of wealth. This is a pioneer survey of the mercantile sector of the economy from the end of the eighteenth century to World War I. It complements Dr. Chapman's The Rise of Merchant Banking (1984), concentrating on the various ways in which British merchants responded to the unprecedented opportunities of the Industrial Revolution and the growth of the British Empire. The main conclusion is that industrial entrepreneurs contributed only briefly to merchant ventures, and that with limited success. Rather did the established merchant community evolve its own new forms of enterprise to meet the changing opportunities: the 'new frontier' merchant networks of the Atlantic economy, the international houses in continental trade, the agency houses in the Far East, and the home trade houses dominating the domestic market. These resilient organisations enabled the British merchant enterprise to survive longer and in greater strength than in other Western economies.

The Rise of Merchant Banking

Farmer's Bank of York, Upper Canada - The Farmer's Bank was formed in 1835 by George Truscott and John Cleveland Green in York (now Toronto, Ontario), Upper Canada, but fell after the other investors left to form Bank of the People. The cashier and general manager of Farmer's Bank was Sir Francis Hincks, a journalist and colonial administrator.

Merchant bank - In banking, a merchant bank is a traditional term for an Investment Bank. It can also used to describe the private equity activities of banking.

National Farmer's Bank of Owatonna - The National Farmers' Bank of Owatonna, Minnesota is a Prairie School bank designed by Louis Sullivan and George Elmslie. Built in 1908, it is recognized as a National Historic Landmark for its architectural significance.

Bank of the People - The Bank of the People was created from the defection of investors (James Lesslie, James Hervey Price, and Dr John Rolph) from Farmer's Bank in 1835. Sir Francis Hincks, head cashier at the Farmer's Bank, became cashier at the new bank.

farmerandmerchantbank

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