Bankers and Investors

  • David Rock
Part of the Britain and the World book series (BAW)


British-built railways dominate this chapter from their beginnings in the early 1860s to their rapid growth in the 1880s. Efforts to capture British capital investment from the late 1870s in Argentina form a second major topic: the government paid its foreign debt, suppressed provincial rebellions and opened up enormous new territories in southern Argentina to settlers and railways. The “Baring Crisis” of 1890 is a third major topic, an issue developing during the 1880s as a result of a speculative excess of British investment and a policy of cheap paper money by Argentine governments. The chapter describes the way attempts to intensify economic growth ended in calamitous collapse.


Paper Money Baring Crisis South American Journal Great Southern Railway Argentine Railways 
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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • David Rock
    • 1
    • 2
  1. 1.Department of HistoryUniversity of California, Santa BarbaraSanta BarbaraUSA
  2. 2.Centre of Latin American StudiesUniversity of CambridgeCambridgeUK

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