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Loading... Compendium of Financeby Bernard Cohen
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Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. History of Financial Advice Collection. After the wars with France, the yield on the National Debt fell from 5% in 1816 to 3.3% in 1824. This drove investors to look for new opportunities, fuelling enthusiasm for foreign loans. Between 1822 and 1825, twenty loans with a nominal value of over £40 million were issued in London. Initially taking place outside the London Stock Exchange, this business was quickly incorporated into the formal market. One of the brokers involved in this business, Bernard Cohen, published the Compendium of Finance in 1822 as enthusiasm for foreign loans was on the rise. Tracing the histories of the public debts of European states together with Russia, the United States, and South America, the emphasis of the book was on authenticated information rather than opinion and advice. As such, it was typical of other market guides of the early nineteenth century (cf. Fairman’s Account of the Public Funds, 1824). Retailing at 27 shillings, the book was intended for a limited audience of specialists. It reached a second edition in 1828. no reviews | add a review
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