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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building

A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building

Paperback

Series: Studies in Macroeconomic History

AccountingEconomics19th Century United States History

ISBN10: 0521669995
ISBN13: 9780521669993
Publisher: Cambridge University Press
Published: Feb 13 2000
Pages: 284
Weight: 0.80
Height: 0.66 Width: 6.01 Depth: 8.99
Language: English
This history focuses on the credit generating function of American banks. It demonstrates that banks aggressively promoted economic development rather than passively following its course. Using previously unexploited data, Professor Bodenhorn shows that banks helped to advance the development of industrialization. Additionally, he shows that banks formed long-distance relationships that promoted geographic capital mobility, thereby assuring that short-term capital was directed in socially desirable directions. He then traces those institutional and legal developments that allowed for this capital mobility.

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Economics