The Rise and Fall of the City of Money: A Financial History of Edinburgh by Ray Perman
English | October 10th, 2019 | ISBN: 1780276230 | 336 pages | EPUB | 1.87 MB
It started and ended with a financial catastrophe. The Darien disaster of 1700 drove Scotland into union with England, but spawned the institutions which transformed Edinburgh into a global financial centre. The crash of 2008 wrecked the city's two largest and oldest banks – and its reputation. In the three intervening centuries, Edinburgh became a hothouse of financial innovation, prudent banking, reliable insurance and smart investing. The face of the city changed too as money transformed it from medieval squalor to Georgian elegance.