Women were first employed in large numbers by the British banking industry during the First World War, and were an essential part of the industry's labour force thereafter. During the interwar period, women were often confined to routine back office positions, and could not advance past the...

This paper examines wage adjustment in the late 19th and early 20th centuries using personnel records from the Union Bank of Australia and Williams Deacon's Bank (England). During the period of this study there was steep and prolonged deflation. Firm-specific and industry-specific demand shocks...