E-auction 602-572332 - BANKS - CRÉDIT INSTITUTIONS Chambre syndicale de change et banque n.d.
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Type : Chambre syndicale de change et banque
Date: (1860-1879)
Date: n.d.
Metal : silver
Diameter : 29 mm
Orientation dies : 12 h.
Weight : 9,96 g.
Edge : lisse, poinçon (abeille) ARGENT
Obverse
Obverse legend : UNION - NATIONALE.
Obverse description : Allégories debout de face sous un caducée au-devant d’une foule d’objet ; à l’exergue en deux lignes dans un cartouche : DU COMMERCE/ ET DE L’INDUSTRIE.
Reverse
Reverse description : Couronne formée d’une branche de chêne et d’une palme, bannière au-dessus inscrite : L’UNION FAIT LA FORCE ; au centre en six lignes : CHAMBRE/ SYNDICALE/ DE/ CHANGE/ ET/ BANQUE.
Historical background
BANKS - CRÉDIT INSTITUTIONS
Until the middle of the 19th century, there were only private banks intended for large fortunes like the Rothschilds. They then took the name of investment banks such as the Banque de Paris et des Pays-Bas, the Union Générale, etc. The development of the activity, born of the Industrial Revolution, caused the creation of banks of a new type, for all, called deposit banks. The first was the Comptoir d'escompte founded in 1853. Other establishments followed: Crédit Industriel et Commercial, Crédit Lyonnais (1863), Société Générale, etc..
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