Cassa per gli indigenti o "salvadanaio di tutto il mondo"? Il primo sviluppo della Cassa di risparmio di Lombardia (1823-1860)

Translated title of the contribution: [Autom. eng. transl.] Fund for the poor or "piggy bank of the whole world"? The first development of the Lombardy Savings Bank (1823-1860)

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Abstract

The essay deals with the novelty of the “Cassa di Risparmio di Lombardia” (Cariplo), created in 1823 on the model of similar foreign institutions. It was initially conceived in government circles in Vienna and Milan as a philanthropic institution intended for the less wealthy classes, stimulating them to save and deposit money. This would have made other forms of charity less necessary. A part of the public fund created in the famine of 1816-1817 was made available to guarantee deposits. Since the early decades, Cariplo registered a continuous growth of the capital invested, especially by the middle and upper classes, so external calls were often made for it to return to its original intentions. The independence shown by Cariplo towards these pressures can also be glimpsed in its lending policy. The institution soon distanced itself from the underwriting of public securities and focused, if anything, on medium- and long-term financing of private landownership and charities, especially in the agricultural provinces of the region.
Translated title of the contribution[Autom. eng. transl.] Fund for the poor or "piggy bank of the whole world"? The first development of the Lombardy Savings Bank (1823-1860)
Original languageItalian
Pages (from-to)165-181
Number of pages17
JournalARCHIVIO STORICO LOMBARDO
Volume149
Publication statusPublished - 2023

Keywords

  • Risparmio
  • Cassa di risparmio delle provincie lombarde
  • Lombardy economy
  • Savings
  • Economia lombarda

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