12-04-2018, 07:20 AM | #21 |
☣
Join Date: Sep 2004
Location: Southeast NC
|
Re: Steampunk: Fiance And Fashion
That isn't out of line of some of the big transactions of the late portion of the era, if a single ship is a huge enough money maker. J.P. Morgan paid $480 million (equivalent to $14 billion today) for Carnegie Steel in 1901. To raise that kind of money, you probably need close ties with a merchant bank (or be one, as in Morgan's case).
__________________
RyanW - Actually one normal sized guy in three tiny trenchcoats. |
12-04-2018, 08:00 PM | #22 | |||
Join Date: Aug 2014
Location: Snoopy's basement
|
Re: Steampunk: Fiance And Fashion
Quote:
Quote:
Quote:
Last edited by Donny Brook; 12-04-2018 at 08:17 PM. |
|||
12-15-2018, 01:56 AM | #23 |
Join Date: Mar 2013
|
Re: Steampunk: Fiance And Fashion
Some more questions on the Fiance side:
My understanding is that business would issued bonds rather then taken out loans during this time period, would the business be able to pay off the bond early and would there be any penalty for doing so? This was the era when (inter-)national financial systems were developed leading to some interesting possibilities for fun, the problem is figuring out how to use them. For instance: This is when the phrase 'A license to print money' originally comes from as due to a loophole is US law while States couldn't mint coins or print money themselves they could actually give or sell licenses to do so, and it doesn't seem like there was much control over this process as I remember reading an account that one state had several active licenses at one point. This was also the time when the banknote was invented and it was basically a receipt for a deposit, as they weren't issued by governments but rather banks and you where given one with a face value equal to you deposit when you made a deposit and but the actual worth of the note was based upon the face value and the reputation of the bank. Both of this have massive potential for fun, but figuring out how to use them has me stumped at the moment. |
12-15-2018, 08:53 AM | #24 | |
Join Date: Aug 2014
Location: Snoopy's basement
|
Re: Steampunk: Fiance And Fashion
Quote:
I would expect a small firm borrowing from larger entities or in a well established market would probably have to take some kind of hit, whether in up-front interest rate or in a back-end penalty for retaining the right to pay off early. |
|
Thread Tools | |
Display Modes | |
|
|