University of Hertfordshire

From the same journal

By the same authors

Documents

  • 907094

    Final published version, 394 KB, PDF document

View graph of relations
Original languageEnglish
Pages (from-to)19-44
JournalFinancial History Review
Journal publication date6 Sep 2015
Volume22
Issue1
Early online date9 Jun 2015
DOIs
Publication statusPublished - 6 Sep 2015

Abstract

The financial strains of the Revolutionary and Napoleonic Wars had a significant impact on the Bank of England. In its position as banker to the state and manager of the state’s debt, it experienced a significant increase in workload and thus was forced rapidly to expand its workforce. From a complement of around 300 in the mid-1780s, the number of clerks employed had increased to over 900 in 1815. Using a unique set of records preserved in the Bank’s archives, this article investigates the backgrounds and skills of the men recruited during the expansion of the early nineteenth century. It finds a significant gap between the skills required by the Bank and the skills possessed by its potential workforce.

Notes

This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/3.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited

ID: 8116764