The history of the City of London and the development of the City of London

80s. The City of London was once glorious and still shines brightly, making a huge contribution to the UK economy. In the 80s, it generated more than £2 billion a year in net income tax revenues in the UK, and even in the early 90s, when unemployment was high during the recession, the city of London created jobs for countless people.

In 1995, there were 700,000 people engaged in finance and commerce in the city of London, more than the total population of Frankfurt. But the merits and demerits of the city of London have long been debated by the British.

It has been argued that the City of London has never been concerned only with its own development and profits, and has been indifferent to the economic and industrial development of the country as a whole. After the end of the First World War, the United States and Germany not only surpassed Britain in traditional industries such as steel, but also ahead of Britain in high-tech fields, as the city of London invested too much energy in overseas investment, so that British industry could not be deprived of the large amount of money needed for development. In 1952, Prime Minister Winston Churchill adopted a harsh budget and austerity policy in order to maintain the position of the pound and the importance of the City of London in international finance.

That is, after a brief post-war boom, domestic demand continued to decline, and several major industries: shipbuilding, textiles, iron and steel, and coal all contracted severely. However, even this did not stop the fate of the run on the pound.

After World War II. The Bretton Woods system was established. Since then, the bankers of the City of London have repeatedly harmed the interests of industry in order to maintain the exchange rate of the pound against the dollar: the overvaluation of the exchange rate has weakened the international competitiveness of British industrial goods and hit exports.

This contradiction between industry and finance is once again strained. While a large amount of foreign resources continued to flow into Britain and reaped high profits, the money in London flowed abroad. So some people say that the Conservative Party has once again helped international friends in London at the expense of its own economy.

Even the city of London's many job creations have been criticised. It was thought that the City of London attracted a large number of talents to the various financial institutions within the city, making it appear that there was a shortage of industrial talent.

In order to balance these contradictions, the United Kingdom has adopted a series of measures, such as reducing foreign investment in the city of London, implementing high taxes on high incomes, etc., which have restricted the free turning wheels of the city of London, but they are also a last resort.

The city of London began in 43 A.D. and has experienced many vicissitudes in between, notably the plague of 1665 and the devastating fire of 1666.

However, the city of London soon grew stronger after the fire.

By the time of the Industrial Revolution, London had grown into the world's premier financial center, and the City of London was the core of the center, with the vast majority of financial institutions concentrated here.

However, after the war, the economic decline of Britain itself, the conceited bankers in the city of London were too conceited to change the traditional practices they had become accustomed to, and the rise of other financial centers, the city's international standing continued to decline.

However, the combination of a deep foundation of international banking in the city of London and the experience of credit and expertise accumulated over a long period of operation allowed her to regain her leadership position as a financial centre after the 60s.

It became an international financial center in 1694, the year in which the Bank of England was founded. After London becomes an international financial center, it can truly be regarded as a world-class city and truly have international brand value.

With a history of more than 2,000 years, London is also the first world-class city. London was the world's first international financial center, and it became an international financial center in 1694, the year in which the Bank of England was founded. After London becomes an international financial center, it can truly be regarded as a world-class city and truly have international brand value.

London has been an international financial centre for more than 300 years since 1694. Today, London surpasses New York as the city with the most super-rich people in the world. The so-called super-rich are those who have a net worth of more than $30 million.

According to statistics, in 2018, there were nearly 5,000 super-rich people living in London.

In the imagination, the number of super-rich people in New York should exceed that of London, because, from the perspective of modern people, New York is the best city in the world, New York's comprehensive strength exceeds London, New York's urban competitiveness exceeds London's, London's reputation is not as big as New York's, and the economic development of the United States is stronger than that of Britain, and the general environment also makes New York's modern atmosphere stronger and more developed, and London's climatic conditions are not as good as New York's, and so on.

The key reason is that London is a top global city, a global city with the reputation of "financial capital", and the global city with the highest global investor and resident satisfaction. Not only does London offer tremendous opportunities for the world's super-rich, but it remains a magnet for residents of the United Kingdom, Europe and other countries.

The influx of people can provide a stable backing for the assets of the world's wealthy. In addition, London is able to provide world-class living security for the world's super-rich, among other things. Many of London's development experiences are worth learning from and referring to Chinese cities.

That's history, because of the "tulip bubble", the Dutch economy has since gone into decline, Amsterdam.

It has also lost its status as an international financial center, all of which has opened up opportunities for other countries. At that time, due to the capitalist system that Britain had also adopted.

The first industrial revolution took place.

The rapid growth of the national economy has also contributed to the rapid development of the financial industry in the country, so it is only natural that the international financial center will drift from Amsterdam to London. In the 19th century, along with the rapid growth of the British economy, its financial industry was also very developed, which promoted Britain to become the most powerful colonial power, and its colonial footprint spread all over the world, becoming a true "sun never sets" empire. At the same time, it also contributed to the increasing frequency of British foreign economic activity, thus making London an international financial center at the time.

There are certain prerequisites for becoming an international financial center, and when these preconditions are lost, the status of an international financial center will gradually decline. Due to its strong economic strength, stable financial environment, and good geographical location, all of this has made London a well-known international financial center. However, in the 30-40s of the 20th century, the Second World War.

Outbreak in Europe. As a major belligerent, the UK suffered a severe economic blow and its financial environment was extremely unstable. At this time, because the United States was far away from the interference of war, and as a rising capitalist country, its industrial equipment and technology were also relatively advanced, so the United States made a lot of "war money", so that the United States lost World War II.

Later, it became the most developed country in the world at that time. Especially after World War II "Marshall Plan."

and so on, the dollar replaced the pound sterling, confirming its status as a financial center. As a result, the international financial center began to shift from Europe to the Americas.

Speaking of national representatives, when it comes to London, England, everyone will think of romantic love and gentlemanly feeling, and London, England is not only a symbol, but also the world's financial and commercial centerThis relies on its excellent geographical conditions and beautiful and high-grade environment, so that many businessmen are willing to go there to develop, and there is a very powerful watch industry.

And London is also the center of the United Kingdom, where you can receive all the information from the world, and the British are very concerned about the concept of time, the British watch is really the world's top existence, and the degree of industry is estimated to be only slightly comparable to Japan; And this is also one of the four world-class cities, the other three are New York in the United States, Tokyo in Japan, and Paris in France, which can reach the world's levelThis geographical location and so on make it a world financial and commercial center.

As an old capitalist country, London formed a financial center relatively early, and many countries use their data as a reference, so now it has formed an international financial center.

Due to historical development opportunities, London is now the world's largest foreign exchange trading center, a foreign trading center, an international trading center, an international loan center, and the city with the most banking institutions, etc., which are the necessary conditions for London to become a world business center.

Because London, England is home to many talented and business-minded people from all over the world, who regard it as the center of economic development, and also because the area itself has relatively developed transportation, it will naturally develop quickly.

Because after the Great Fire of London in 1666, London's population growth rate was as high as 36%, the labor force increased, and the tonnage of the British fleet more than doubled.

The UK is the most economically developed region in Europe, and the London financial market has a large market size, which plays an important role in global financial innovation and development.

It can be said that the rapid rise of Britain as a whole is inseparable from the sudden fire. When everyone was crying for the burned houses and injured relatives, but the fire also burned the plague swarm, the reconstruction of London generated a huge economic demand, which also made London an economic hotspot in Europe, and the labor force from all over Europe poured into London because there were many employment opportunities and high wages, and it became a paradise for landless farmers in Britain.

Because there are many talents, the topography is advantageous.