Abstract
The financial strains of the Revolutionary and Napoleonic Wars had a significant impact on the Bank of England. In its position as banker to the state and manager of the state's debt, it experienced a significant increase in workload and thus was forced rapidly to expand its workforce. From a complement of around 300 in the mid 1780s, the number of clerks employed had increased to over 900 in 1815. Using a unique set of records preserved in the Bank's archives, this article investigates the backgrounds and skills of the men recruited during the expansion of the early nineteenth century. It finds a significant gap between the skills required by the Bank and the skills possessed by its potential workforce.
Original language | English |
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Pages (from-to) | 19-44 |
Number of pages | 26 |
Journal | Financial History Review |
Volume | 22 |
Issue number | 1 |
DOIs | |
Publication status | Published - 9 Jun 2015 |
Keywords
- banking
- recruitment
- human capital
- skills