The British Bank That Forever Altered the US Economy

January 22, 2013

By Kristin Aguilera, Deputy Director, Museum of American Finance
Bloomberg - Echoes Blog

This month marks 250 years since Barings Bank, one of the first significant international investment banks, opened its doors.

Much of Barings’s early success can be attributed to its willingness to invest in the development of the U.S. in the late 18th and early 19th centuries, despite the nation’s newly established credit and undeveloped economy. Without Barings’s involvement, the U.S. would probably be a very different place - - geographically and economically -- from what it is today.

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