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- Title
Los grupos promotores, inversores y gestores de las cajas de ahorros y montes de piedad durante su primer desarrollo, 1839-1879.
- Authors
Martínez Soto, Ángel Pascual
- Abstract
Savings banks began as financial intermediaries specialized in the retail market with the arrival of the liberals to power. European models greatly influenced the foundation of these types of entities, especially those of France and England. Also important were the ideas of political economy of Jeremy Bentham, Adam Smith, David Ricardo, Jean-Baptiste Say and Benjamin Delessert among others. In 1839, the Savings Bank of Madrid was the first entity of its kind to be founded. In the years that followed, the principal cities of the country came to house similar banks. This article analyses the birth of these entities by exploring the relevant regulatory legislation and the profiles of their foundational investment and management groups. It undertakes a detailed analysis of the institutions that promoted the foundation of these entities and the business, social and political elites responsible for financing, managing, and launching them. All this took place within a framework of new liberal ideas of foresight and self-help for the urban popular classes of the country.
- Subjects
INVESTORS; SAVINGS banks; FINANCIAL institutions; BENTHAM, Jeremy, 1748-1832; RICARDO, David, 1772-1823
- Publication
Ayer: Revista de Historia Contemporánea, 2023, Vol 130, Issue 2, p107
- ISSN
1134-2277
- Publication type
Article
- DOI
10.55509/ayer/1270