Lombard Street - A Description of the Money Market

Including a detailed biographical annotation on Walter Bagehot's life and achievements. *** In 'Lombard Street', the money market is pictured as it really was in 1850-1870, and as Bagehot saw it with philosophic eyes. Beginning with the sentence, "The objects which you see in Lombard Street are the Bank of England, the joint stock banks, the private banks and the discount houses," he describes briefly and clearly the respective functions of these different bodies in the organism of the city, according to his own close observation as a banker himself, knowing the ways and thoughts of the men he describes, and as a man of business likewise in other ways, knowing at first hand the relation of banking to the trade and commerce of the country. *** This landmark series presents a curated collection of the greatest non-fiction works ever written-spanning philosophy, history, theology, science, political theory, economics, and beyond. From the ancient musings of Plato and Confucius to the revolutionary ideas of Darwin and Marx, Foundations of Thought gathers the essential texts that have shaped civilizations and challenged the boundaries of human understanding. Whether exploring the nature of justice, the origins of the cosmos, or the foundations of faith, this series serves as both a gateway to intellectual heritage and a living dialogue with the past. Ideal for students, thinkers, and seekers of wisdom, Foundations of Thought invites readers to engage deeply with the enduring ideas that continue to influence the world today.