S3E4: The Crash Of 1864-65 | Bombay Born 4
Historychatter Podcast
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The History of Financial Associations
Large financial associations and corporations entered the field quite late, but they were the once eventually preside over the crash. A majority of these concerns started the business with one-third or one-fourth of their supposed capital. The new banks had capital divided into shares of either Rs. 200 or 250 each,. Financial associations and corporations had theirs divided invariably into shares of Rs. 400.
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