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Private bankers from the Rhine area have accepted a double role of the political
Intermediaries and founders railway and industrial enterprises. For
Realisations of these projects they created syndicates of bankers that supplied with it
Support of bankers of Berlin and Frankfurt which had communications with key figures
The governments. And so it was received that key figures of the bureaucratic
The device became shareholders on especially favorable conditions - the same
The practice that at the time of Tjudorov. In 1840th years the private railway
Building in the Rhine area went at full speed.
In the Rhine area and in Ruhr private bankers have played the same role of founders and
Intermediaries and for industrial corporations. They placed with themselves long-term
Securities of corporations (the share and the bond), supported by means of sales in
Private hands an insignificant capital market (on equity markets volume
Trade it was insignificant), supplied corporations with short-term credits for
Current needs, have taken items in boards of directors, and sometimes carried out
Buying up of securities. Last created to bankers possibility from time to time
To create new firms with already ready consumers. Industrial shares long before
Till 1880th years addressed on equity markets of Germany, but the basic subject
Trade, as well as in other countries, there were papers of the railway companies and
Unlike England, the close connection of the German corporations with banks has not moved to
Decentralisation, partly because banks of Germany were more
The centralised. Industrialisation has begun in Germany later, and banks were to
To that time are too rallied to admit set occurrence
Competing industrial firms. Among the first German industrialists
Some - for example, Krupp - had no close connections with banks. But to that
Time when Germany was industrialized, requests to a seed capital
Became considerably above, than at the first stages of industrial revolution, and
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