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Henry Duncan and the Savings Banks Movement in the UK

​​With this research paper, Prof. Moss, retraces the history of savings banks movement in the UK starting with Henri Duncan who openend the Ruthwell Savings Bank in May 1810. In deciding to open the Ruthwell Savings Bank, Henry Duncan drew on the experience of other schemes and friendly societies. In 1797 the utilitarian philosopher Jeremy Bentham proposed the establishment of what he called "Frugality Banks" or savings banks. The following year Mrs Priscilla Wakefield established a Female Benefits Club incorporating a Children's Bank in the parish of Tottenham to the north of London.

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To cite this article:

MOSS (Michael)(2011): Henry Duncan and the Savings Bank Movement in the UK. ESBG Perspectives n°63, pp. 11-26.

Financial History
Michael Moss
Research Professor
School of Humanities, University of Glasgow
Michael.Moss@glasgow@ac.uk