The economic power of London

How did London become a superpower ?

Introduction : London is a major global financial center and financial exchanges that are happening at the London stock exchange founded in 1571 by Thomas Gresham, who then called the Royal Exchange. The financial center is surronded by banks ans insurance Paternoste Square.

1.The money

The pound sterling is an old money. It is stronger than Euro. It is in use mostly in the United-Kingdom and in the british territories oversea. Its symbol is £. The pound sterling has been used since the XVIII century.

1£ = 1,27€

2.Exchange<<the City>>1 party:Hystory

Birth of scholarship : 1801

London Stock Exchange is third stock market after Tokyo and New York.The City is also home to newspapers, banks and insurance companies.

The CEOs is Xavier Rolet .

Th City includes the perimeter wall of London, the old enclosure that encircled the Roman city of Londinium (based in 43 acter J.C ) .

The city is recognizable has its many building (the Gerkhin).

● Nearly 300 000 people come to work daily then wile the residents of the neighborhood are only about 8000 .

The Exchange had a market capitalzation of $ 3266 000 000 000,

Its current premisesare located in Paternoster Square near the cathedral

St paul in the London's City. The Exchange part of the London Stock ExchangeGroup..

VOCABULARY :

CEOs : pdg

Recognizable : reconnaissable

Neighborhood : quartier

2 party:Second wold war.

On the night of December 29th 1940, one of the largest fires in the History of London held .Stages of Exchange was struck by a clutch of firebombs, that, fortunately, were put out quickly. Trading on the floor has now greatly lower and was conducted by phone order to reduce the risque of injuries.

The Exchange was closed only one more day during the war, in 1945, by reason of domage as from a rocket V-2, where the trade continued in the basement of the house.

VOCABULARY :

Held : a eu lieu

Cluth : embrayage

Fortunalety : heureusement

Rocket : fuséé

FAIT PARQUENTIN ET JULIEN