Financial History 25th Anniversary Special Edition (104, Fall 2012) | Page 12
THE TICKER MUSEUM NEWS
Barings Bank Exhibition Provides Visitors
With Interactive Investment Experience
employee lost £827 million ($1.3 billion)
of the bank’s money, Barings collapsed in
1995, existing now, in part, as an archive of
one of the most esteemed and important
banks in history.
The Museum’s upcoming interactive exhibit will provide engaging details
about Barings’ significant US investments
and their involvement in, and contributions to, the growth of the nation. Opening on November 8, 2012, the exhibition invites visitors to participate in five
of the bank’s investments in America.
With unprecedented access to the Baring
Archive, visitors will use the same documents used by Barings to evaluate each
historic investment. Based on information
provided in the exhibit, visitors will compete by deciding whether to invest in each
venture. They will also be able to evaluate
their own investment performance against
the bank’s real historical results.
ING is the lead sponsor of this exhibit.
Associate sponsors include Bank of
America Merrill Lynch, Citibank, Ernst &
Young and Sullivan & Cromwell LLP.
Museum of American Finance
In 1817, the French Duc de Richelieu
famously commented that the six great
powers in Europe were “England, France,
Prussia, Austria, Russia
—
and Baring
Brothers.” From its founding in the 18th
century to its unforeseen demise in the
20th, Barings Bank provided investment
capital to some of the most famous ventures in history. From financing the Louisiana Purchase in 1803 to underwriting
Argentinean debt in the 1880s, however,
Barings saw its share of both tremendous
gains and miscalculated debacles. After an
Certificate for shares in the Second Bank of the United States
owned by Baring Brothers of London, April 1830.
NOV 5
1999
US District Court Judge Thomas Penfield
Jackson finds that Microsoft is a monopoly,
and the US Justice Department plans to
enforce the breakup of the company.
10 FINANCIAL HISTORY | Fall 2012 | www.MoAF.org
NOV 12
1999
President Bill Clinton signs into law the
Gramm-Leach-Bliley Act, or the “Financial
Services Modernization Act,” which essentially repeals the Glass-Steagall Act of 1933.