Provincial Stock Exchanges

First Published in 2005. The provincial stock exchanges have long been an area of considerable neglect in the study of the history of finance and investment. They have always been dwarfed by the London Stock Exchange, but at least from 1836 onwards it was not the only market in the country. Those who have traced the development of the English capital market have been careful to point to the importance of provincial capital in railway promotion, yet while the role of provincial capital was e...