The Causes of the Panic of 1893
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Number of New Companies.
Capital — Million Marks.
1886 1887 1888 1889 1890 113 168 184 360 236 103.94 128.41 193.68 402.54 270.99 Total 1061 1099.56 1 The Economist (London), vol. xlviii (November 29, 1890), p. 1511.
In a statement of the Deutsche Bank issued during the first week of December, 1890, its commitments in Argentina appeared as follows: Credits extended to Argentine banks, 2,451,000 marks, of which amount 2,000,000 marks were uncovered; investments in Argentine loans and syndicates,... 3,395,000 marks.
2 "The Crisis of 1890," Max Wirth, Journal of Political Economy, vol. i (March, 1893), p. 228. See also " The Earnings of German Com- panies, 1887-89," The Economist (London), vol. xlviii (December 20, 1890), p. 1605.
CONDITIONS IN FRANCE AND GERMANY 61 These new companies included all branches of financial and industrial enterprise. Existing industries and business of every description were combined into joint-share cor- porations, and new projects were constantly being floated.
What to read after The Causes of the Panic of 1893?
You can find similar books in the "Read Also" column, or choose other free books by W Jett William Jett Lauck to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Number of New Companies.
Capital — Million Marks.
1886 1887 1888 1889 1890 113 168 184 360 236 103.94 128.41 193.68 402.54 270.99 Total 1061 1099.56 1 The Economist (London), vol. xlviii (November 29, 1890), p. 1511.
In a statement of the Deutsche Bank issued during the first week of December, 1890, its commitments in Argentina appeared as follows: Credits extended to Argentine banks, 2,451,000 marks, of which amount 2,000,000 marks were uncovered; investments in Argentine loans and syndicates,... 3,395,000 marks.
2 "The Crisis of 1890," Max Wirth, Journal of Political Economy, vol. i (March, 1893), p. 228. See also " The Earnings of German Com- panies, 1887-89," The Economist (London), vol. xlviii (December 20, 1890), p. 1605.
CONDITIONS IN FRANCE AND GERMANY 61 These new companies included all branches of financial and industrial enterprise. Existing industries and business of every description were combined into joint-share cor- porations, and new projects were constantly being floated.
What to read after The Causes of the Panic of 1893?
You can find similar books in the "Read Also" column, or choose other free books by W Jett William Jett Lauck to read onlineMoreLess
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