A History of Banking in Antebellum America

Professor Bodenhorn reveals how America was served by an efficient system of financial intermediaries by the mid-nineteenth century.

List of contents

1. Introduction: historical setting and three views of banking; 2. Financial development and economic growth in Antebellum America; 3. Financing entrepreneurship: banks, merchants and manufacturers; 4. The integration of short-term capital markets in Antebellum America; 5. Banks, brokers, and capital mobility; 6. Conclusion: how banks mattered.

Summary

Focusing on the credit generating function of American banks, this history demonstrates that banks aggressively promoted economic development rather than passively followed its course. Professor Bodenhorn uses unexploited data to reveal how banks promoted both industrialization and geographic capital mobility.

Product details

• Authors: Howard Bodenhorn
• Assisted by: Michael D. Bordo (Editor), Forrest Capie (Editor)
• Publisher: Cambridge University Press
• Languages: English
• Product format: Hardback
• Released: 28.04.2015
• EAN: 9780521662857
• ISBN: 978-0-521-66285-7
• No. of pages: 284
• Dimensions: 157 mm x 235 mm x 20 mm
• Weight: 566 g
• Series: Studies in Macroeconomic Histo
• Subjects: Social sciences, law, business > Business > General, dictionaries; BUSINESS & ECONOMICS / Economic History