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The Secondary Banking Crisis, 1973-75: Its Causes and Course
 
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The Secondary Banking Crisis, 1973-75: Its Causes and Course (Paperback)

by Margaret Reid (Author), David Kynaston (Introduction)
5.0 out of 5 stars See all reviews (1 customer review)
Price: £17.50 & this item Delivered FREE in the UK with Super Saver Delivery. See details and conditions
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Product details

  • Paperback: 226 pages
  • Publisher: Hindsight Books Limited; 2New Ed edition (31 Oct 2003)
  • Language English
  • ISBN-10: 0954156722
  • ISBN-13: 978-0954156725
  • Product Dimensions: 19.2 x 13.2 x 1.4 cm
  • Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
  • Amazon.co.uk Sales Rank: 337,031 in Books (See Bestsellers in Books)

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The Secondary Banking Crisis, 1973-75: Its Causes and Course
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The Secondary Banking Crisis, 1973-75: Its Causes and Course 5.0 out of 5 stars (1)
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2 of 2 people found the following review helpful:
5.0 out of 5 stars Painstaking, readable and salutory, 9 Sep 2004
By hwade17 (near Doncaster, West Riding) - See all my reviews
The City of London must have been a remarkable place in the late 'Sixties - an exclusive gentlemen's club, where business was transacted on a word, a contact, a handshake, but where the sums involved ran into millions. A place where an accent, a tie, and an air of assurance could carry you through as effortlessly as Michael Caine masquerading as Lord Croker in "The Italian Job." A system, in short, built on confidence, that turned out in the end to be highly vulnerable to panic.

I only just dimly remember the crash of the early 'Seventies (I ordered this book for my father), but Margaret Reid, the author of this invigoratingly brisk account, has taken an episode of financial history and structured it into something like a popular thriller. It's absolutely fascinating. Anyone who thinks they got their fingers burnt on tech stocks should take a look at the cover of this book - a reprinted page of a financial paper from (I suppose) mid 1974; column after column of share prices at their catastrophic nadir, a snapshot of a crash - and count themselves lucky they got off so lightly.

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