. ▁ ▁Private ▁banks ▁and ▁customers ▁Private ▁London ▁banks , ▁their ▁corresponding ▁country ▁banks , ▁and ▁their ▁consum ers ▁in ▁indust ries ▁r anging ▁from ▁agricult ure ▁to ▁trade ▁and ▁manufact uring , ▁lack ing ▁information ▁on ▁these ▁new ▁financial ▁products , ▁found ▁it ▁difficult ▁to ▁co pe ▁with ▁the ▁resulting ▁confusion . ▁ ▁Rap id ▁financial ization ▁Britain ' s ▁financial ▁system ▁developed ▁rapidly ▁between ▁ 1 7 7 0 ▁and ▁the ▁end ▁of ▁the ▁Napole onic ▁Wars , ▁coinc iding ▁with ▁the ▁country ' s ▁industrial ization . ▁In ▁ 1 7 7 0 , ▁only ▁five ▁stock s ▁had ▁been ▁available ▁on ▁the ▁London ▁Exchange . ▁But ▁by ▁ 1 8 2 4 , ▁invest ors ▁could ▁choose ▁from ▁ 6 2 4 ▁joint - stock ▁companies . ▁ ▁Effect s ▁of ▁the ▁crisis ▁ ▁Business ▁The ▁re inst at ement ▁of ▁the ▁gold ▁standard ▁ent a iled ▁a ▁contra ction ▁of ▁the ▁money ▁supply ▁and ▁a ▁tight ening ▁of ▁bank ▁l ending ▁which ▁made ▁it ▁difficult ▁for ▁mer ch ants ▁to ▁raise ▁capital . ▁Bank rupt cies ▁increased ▁significantly ▁during ▁the ▁remainder ▁of ▁ 1 8 2 5 ▁and ▁nearly ▁double d ▁in ▁ 1 8 2 6 . ▁ ▁Publishing ▁industry ▁The ▁crisis ▁also ▁had ▁a ▁direct ▁effect ▁on ▁the ▁publishing ▁industry . ▁While ▁the ▁crash ▁did ▁not ▁reduce ▁the ▁number ▁of ▁publish ers ▁in ▁Britain ▁between ▁ 1 8 2 5 ▁and ▁ 1 8 2 7 , ▁it ▁did ▁rad ically ▁alter ▁the ▁nature ▁of ▁the