Artwork

Inhoud geleverd door Patrick Boyle. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Patrick Boyle of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Player FM - Podcast-app
Ga offline met de app Player FM !

When Pubs Briefly Replaced Banks in Ireland

22:28
 
Delen
 

Manage episode 298024873 series 2851541
Inhoud geleverd door Patrick Boyle. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Patrick Boyle of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

Today we are going to discuss the Irish Banking Strike of 1970 when all of the countries clearing banks closed for over six months, only to find themselves quickly replaced by local pubs. We will discuss if something like this could work again, and at the end of the video we will compare how the system that emerged compares to more modern ideas like cryptocurrencies.
Between 1966 and 1976, there were three major banking strikes in Ireland in which all of the clearing banks were closed. The Strike in 1970 was the longest of the three, where the banks were entirely closed for six and a half months. In the lead up to the strike, bank staff had been working short hours, and a backlog in check processing had built up. While the banks technically reopened in mid-November of 1970, it took them until February of 1971 to process the backlog of checks and resume normal working hours. So, all in all, the banks in Ireland were either closed or were offering severely reduced services for almost an entire year.
The video on John Law & The Mississippi Company: https://youtu.be/H5uKPUPQSyQ
Money in an Economy Without Banks by Antoin E. Murphy: https://www.mortgagebrokers.ie/wp-content/uploads/2018/01/Antoin-Murphy-Money-in-an-economy-without-banks-The-case-of-Ireland-bank-strike-paper.pdf
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle YouTube Channel Patrick Boyle - YouTube

Support the show
  continue reading

192 afleveringen

Artwork
iconDelen
 
Manage episode 298024873 series 2851541
Inhoud geleverd door Patrick Boyle. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Patrick Boyle of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

Today we are going to discuss the Irish Banking Strike of 1970 when all of the countries clearing banks closed for over six months, only to find themselves quickly replaced by local pubs. We will discuss if something like this could work again, and at the end of the video we will compare how the system that emerged compares to more modern ideas like cryptocurrencies.
Between 1966 and 1976, there were three major banking strikes in Ireland in which all of the clearing banks were closed. The Strike in 1970 was the longest of the three, where the banks were entirely closed for six and a half months. In the lead up to the strike, bank staff had been working short hours, and a backlog in check processing had built up. While the banks technically reopened in mid-November of 1970, it took them until February of 1971 to process the backlog of checks and resume normal working hours. So, all in all, the banks in Ireland were either closed or were offering severely reduced services for almost an entire year.
The video on John Law & The Mississippi Company: https://youtu.be/H5uKPUPQSyQ
Money in an Economy Without Banks by Antoin E. Murphy: https://www.mortgagebrokers.ie/wp-content/uploads/2018/01/Antoin-Murphy-Money-in-an-economy-without-banks-The-case-of-Ireland-bank-strike-paper.pdf
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle YouTube Channel Patrick Boyle - YouTube

Support the show
  continue reading

192 afleveringen

모든 에피소드

×
 
Loading …

Welkom op Player FM!

Player FM scant het web op podcasts van hoge kwaliteit waarvan u nu kunt genieten. Het is de beste podcast-app en werkt op Android, iPhone en internet. Aanmelden om abonnementen op verschillende apparaten te synchroniseren.

 

Korte handleiding