Lombard Street (London)
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The Lombard Street is a street in the City of London . It extends in a northwest direction from Gracechurch Street to a major intersection where King William Street, Threadneedle Street, Cornhill, Poultry, Prince's Street and the smaller Mansion House Place meet. This is where the Bank of England is located and what is now the Royal Exchange shopping center , formerly London's first stock exchange. Traffic will not be directed directly to this intersection, but to King William Street.
The name comes from the Florentine banking family Bardi , with whom the English royal family had a business relationship; King Edward I transferred land by the road to the family for settlement in London.
Numerous British financial institutions had their headquarters here from their inception until the 1980s. Alexander Pope was born in house number 32 in 1688 . Over time, the street developed into one of the most important addresses for credit institutions in the city. Edward Lloyd's coffee house , which later became Lloyd's of London, was also located here.
In 1873 the British economist Walter Bagehot published his book Lombard Street: A Description of the Money Market , in which he attempted to present the functioning of money market activities in a generally understandable manner.
The name Lombardclub for an interest rate cartel of Austrian banks alluded to the role of Lombard Street as the former center of the British financial sector.
Web links
Individual evidence
- ^ Iain MacFarlaine: Alexander Pope. In: Find A Grave. October 27, 2002, accessed September 13, 2010 .
- ^ Walter Bagehot : Lombard Street: A Description of the Money Market . Ed .: E. Johnstone, Hartley Withers. Henry S. King and Co., London 1873.
- ^ Lombard Street: A Description of the Money Market. In: Online Library of Liberty. Lauren Landsburg, accessed September 13, 2010 .
- ↑ Knowledge: The Lombard Club as a fixed ritual. Der Standard , December 14, 2006, accessed May 28, 2014 .
Coordinates: 51 ° 30 ′ 43 " N , 0 ° 5 ′ 13" W.