Abstract
In this chapter, the historiographical view that the City received favourable treatment and had undue influence during the 1920s is challenged. The post-war recovery of the merchant banks and their main competitors is examined using archival evidence, especially the Treasury’s records held at TNA . By examining the treatment of those merchant banks that were experiencing difficulties at the time, including special arrangements, it is shown that the fate of the merchant banks was secondary to broader policy considerations.
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O’Sullivan, B. (2018). Favourable Treatment. In: From Crisis to Crisis. Palgrave Studies in the History of Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-96698-4_4
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