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White-collar crime in modern England : financial fraud and business morality, 1845-1929
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Year: 1992 Publisher: Cambridge New York Cambridge University Press

White-collar crime in modern England : financial fraud and business morality, 1845-1929
Author:
ISBN: 052141234X 0521526124 0511522789 Year: 1992 Publisher: Cambridge : Cambridge University Press,

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Abstract

In the period between the 1840s and the 1920s the British economy was transformed, from small-scale capitalism dominated by individual traders and partnerships to a complex financial structure dominated by large, joint-stock companies. The tremendous growth of big business created a world of new opportunities for criminal exploitation. The promotion and management of public companies and the trading of commercial securities proved vulnerable to the white-collar crimes of fraud and embezzlement. Problems of financial fraud were exacerbated by a climate of laissez-faire which championed the most permissive commercial legislation in the world, and white-collar crime wreaked havoc on the modern British economy. This new book examines the spread of white-collar crime from the Victorian period to the early twentieth century and offers a new perspective on modern scandals.

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