Economic History Of Birmingham
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Economic History Of Birmingham
Birmingham in England has developed economically since Mediaeval times. Early metalwork John Leland visited Birmingham in about 1538, and found many smiths manufacturing knives and nails among other products. By 1683, there were 202 forges in the town (mainly in the Digbeth and Deritend areas), and guns and brass goods were also being made. Metal was not made to any great extent in the town itself at this stage, but was mainly imported from Staffordshire and elsewhere in the West Midlands. Immigration to the city from the surrounding counties brought expansion of these industries. The population of the city increased from 5-7,000 in 1700 to nearly 24,000 in 1750, and by 1775 the population was about 40,000, making Birmingham the third largest town in the UK after London and Bristol. In 1791, Arthur Young described Birmingham as "the first manufacturing town in the world". Manufacturing By 1759, a House of Commons committee heard that at least 20,000 people in Birmingham and ...
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North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Caribbean Sea, and to the west and south by the Pacific Ocean. Because it is on the North American Plate, North American Tectonic Plate, Greenland is included as a part of North America geographically. North America covers an area of about , about 16.5% of Earth's land area and about 4.8% of its total surface. North America is the third-largest continent by area, following Asia and Africa, and the list of continents and continental subregions by population, fourth by population after Asia, Africa, and Europe. In 2013, its population was estimated at nearly 579 million people in List of sovereign states and dependent territories in North America, 23 independent states, or about 7.5% of the world's population. In Americas (terminology)#Human ge ...
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Sarehole Mill
Sarehole Mill is a Grade II listed water mill, in an area once called Sarehole, on the River Cole in Hall Green, Birmingham, England. It is now run as a museum by the Birmingham Museums Trust. It is known for its association with J. R. R. Tolkien and is one of only two working water mills in Birmingham, with the other being New Hall Mill in Walmley, Sutton Coldfield. History Built in 1542 on the site of a previous mill. It was once known as ''Bedell's'' or ''Biddle's Mill'' after the name of an early owner. In 1727 it was described as ''High Wheel Mill''. As early as 1755, the mill was leased by Matthew Boulton, one of the pioneers of the Industrial Revolution and leading figure of the Lunar Society for scientific experimentation. It is believed he converted the machinery for use in metal working. As well as milling grain it has been used for grinding bones for fertiliser, metal rolling (Matthew Boulton), tool sharpening and wire drawing. The current building dates from 1771 ...
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London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Corporation Street, Birmingham
Corporation Street is a main shopping street in Birmingham city centre, England. It runs from the law courts at its northern end to the centre of New Street at its southern. The creation of the street Planning The creation of Corporation Street was enabled by the Artisan's and Labourers' Dwellings Improvement Act 1875, demolishing an area of slums - the first use of the Act in England. The concept of a "Parisian boulevard" was vigorously promoted by Joseph Chamberlain when he was mayor. It would have led straight to New Street station at the time. The upper part of the street incorporated Lower Litchfield Street. The street was the centrepiece of a grander scheme which also had a street cut to Colmore Row and another street to Dale End (then Martineau Street). However, the costs of such a project resulted in the abandonment of the plan for the street to Colmore Row and the street to Dale End was delayed until 1886. Construction commences The scheme covered 93 acres ...
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Soho Manufactory
The Soho Manufactory () was an early factory which pioneered mass production on the assembly line principle, in Soho, Birmingham, England, at the beginning of the Industrial Revolution. It operated from 1766–1848 and was demolished in 1853. Beginnings In 1756, Edward Ruston leased land on Handsworth Heath from the Lord of the Manor. He deepened Hockley Brook, and built a rolling mill powered by it. In 1761 (or 1764) the "toy" manufacturer Matthew Boulton and his business partner John Fothergill leased the site including a cottage and the mill. The mill was replaced by a new factory, designed and built by the Wyatt family of Lichfield, and completed in 1766. The cottage was later demolished and Boulton's home (Soho House) was built on the site, also by the Wyatts. Production The Manufactory produced a wide range of goods from buttons, buckles and boxes to japanned ware (collectively called "toys"), and later luxury products such as silverware and ormolu (a type of gilded ...
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Lloyds TSB
Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and ATMs in England and Wales (as well as an arrangement for its customers to be serviced by Bank of Scotland branches in Scotland, Halifax branches in Northern Ireland and vice versa) and offers 24-hour telephone and online banking services. it had 16 million personal customers and small business accounts. Founded in Birmingham in 1765, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1995 it merged with the Trustee Savings Bank and traded as Lloyds TSB Bank plc between 1999 and 2013. In January 2009, it became the principal subsidiary of Lloyds Banking Group, which was formed by the acquisition of HBOS by the then-Lloyds TSB Group. It has its ...
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Lloyds Bank (historic)
Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and ATMs in England and Wales (as well as an arrangement for its customers to be serviced by Bank of Scotland branches in Scotland, Halifax branches in Northern Ireland and vice versa) and offers 24-hour telephone and online banking services. it had 16 million personal customers and small business accounts. Founded in Birmingham in 1765, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1995 it merged with the Trustee Savings Bank and traded as Lloyds TSB Bank plc between 1999 and 2013. In January 2009, it became the principal subsidiary of Lloyds Banking Group, which was formed by the acquisition of HBOS by the then-Lloyds TSB Group. It has its ...
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Sampson Lloyd
Sampson Lloyd II (15 May 1699 – 1779) was an English iron manufacturer and banker, who co-founded Lloyds Bank. He was a member of the notable Lloyd family of Birmingham. Career Sampson Lloyd was the third son of Sampson Lloyd (1664–1724) and Mary (née Crowley, sister of Ambrose Crowley), Quakers of Welsh origin, who had moved from their Leominster, Herefordshire farm to Edgbaston Street in Birmingham in 1698. After the death of his father in 1725, he and his older brother, Charles (1696–1741) bought the Town Mill and traded in iron. He also bought a forge in Burton upon Trent. After Charles' death in 1741, Lloyd became wealthy and in 1742 bought for £1,290 a 56-acre estate called "Owen's Farm" in the manor of Bordesley (in the area now known as Sparkbrook) on the edge of the town of Birmingham. He retained the Tudor farmhouse and built a Georgian mansion nearby which he called "Farm", now a grade II* listed building. Lloyd continued to live partly in his form ...
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John Taylor (manufacturer)
John Taylor (1711–1775) of Bordesley Hall near Birmingham (then a small town in Warwickshire), was an English manufacturer and banker. He served as High Sheriff of Warwickshire in 1756–57. Origins John Taylor was the eldest son and heir of Jonathan Taylor (died 1733) of Bordesley by his wife Rebecca Kettle. Career Taylor became a cabinet maker in Birmingham. There he set up a factory in what is now Union Street to manufacturer "Brummagem toys", such as buttons, buckles, snuff boxes and jewellery boxes. He made a fortune selling silver-plated articles, and he used the plating process devised by Thomas Boulsover. He eventually employed 500 people and became one of Birmingham's leading industrialists. The output of buttons from his works was estimated at £800 per week. Taylor invested the profits of his business in local land and property, buying Sheldon Hall in 1752 and Moseley Hall and the manor of Yardley in 1768, and eventually owned about 2,000 acres. In 1765, in p ...
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Birmingham Canal
The BCN Main Line, or Birmingham Canal Navigations Main Line is the evolving route of the Birmingham Canal between Birmingham and Wolverhampton in England. The name ''Main Line'' was used to distinguish the main Birmingham to Wolverhampton route from the many other canals and branches built or acquired by the Birmingham Canal Navigations company. BCN Old Main Line On 24 January 1767 a number of prominent Birmingham businessmen, including Matthew Boulton and others from the Lunar Society, held a public meeting in the White Swan, High Street, Birmingham''Smethwick and the BCN'', Malcolm D. Freeman, 2003, Sandwell MBC and Smethwick Heritage Centre Trust to consider the possibility of building a canal from Birmingham to the Staffordshire and Worcestershire Canal near Wolverhampton, taking in the coalfields of the Black Country. They commissioned the canal engineer James Brindley to propose a route. Brindley came back with a largely level but meandering route via Smethwick, Oldbury ...
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