Financing the economic growth in Germany and Great Britain from 1880 to 1913.

Resource Type
Dataset : Survey and aggregate data
  • Tilly, Richard
Publication Date
  • ZA:
    • Historical Studies Data
  • Abstract

    The starting point of Tilly’s investigation is Hoffmann’s interpretation of the relationship between finance and economic growth (see: W.G. Hoffmann and others, 1965: The growth of the German economy since the mid-19th century, Berlin et al.). Tilly thinks that Hoffman’s interpretation of the relationship is problematical. In the center of Tilly’s analysis is the capital market, i.e. the stock exchange; the credit banks remained in the field of view, because they were in the period from 1880 to 1913 the most important players of the capital market: as an agent in the context of the security flotations and as creditors in the context of exchange businesses of all kinds. To bring out the significance of the capital market for Germany’s economic development more clearly, Tilly verifies not only the development of the market with collected data and information on the development of the German economy, but he also compares two national economies with the aim to stress the influence of a given institutional structure at the historical observed economic growth. Tilly compares Germany and Great Britain. On the German part the influence of the large banks is in the center of the attention, because a close relationship between the development of large German banks and the development of heavy industry is suspected. Compard with Germany Great Britain has exported a large proportion of its savings into other countries. Against this background, Tilly wants to analyze whether significant differences between the British and the German capital market for the support of industrial growth can be identified (see Tilly, R. (1984): S. 264ff). Data tables in the search- and downloadsystem HISTAT (Topic: Mony and Currency, Finance Sector (= Geld und Währung, Finanzsektor) ): A.01 Wertpapieremissionen Großbritannien und Deutschland, in Millionen Pfund und Mark (1882-1913) A.02 Nettoinvestitionen und industrielle Wertpapieremissionen in Großbritannien und Deutschland, Jahresdurchschnitte (1882-1913) A.03 Struktur der industriellen Neuemissionen Großbritanniens, in Tausend Pfund (1882-1912) A.04 Neuemissionen inländischer Industrie- und ausländische Wertpapiere in Deutschland, in Millionen Mark (1883-1913) A.05 Aktienrendite, Kapitalmarktzins und Anteil der Aktienemissionen an den Gesamtemissionen industrieller Wertpapiere in Deutschland und Großbritannien, in Prozent (1886-1912) HISTAT is offered only in German language.
Temporal Coverage
  • 1880 / 1913
Geographic Coverage
  • German Reich (1871-1945) (DXDE)
  • United Kingdom (GB)
Data and File Information
  • Unit Type: Text Unit
    Number of Units: 33
    Number of Variables: 25
A - Data and documents are released for academic research and teaching.
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Alternative Identifiers
  • ZA8422 (Type: ZA-No.)
  • Tilly, Richard, 1984: Zur Finanzierung des Wirtschaftswachstums in Deutschland und Großbritannien 1880 – 1913, in: Helmstädter, E. (Hrsg.), 1987: Die Bedingungen des Wirtschaftswachstums in Vergangenheit und Zukunft. Gedenkschrift für Walther G. Hoffmann. Tübingen: Mohr, S. 263 - 286.

Update Metadata: 2020-10-21 | Issue Number: 84 | Registration Date: 2011-03-14