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Zusatztext "Overall! this book is an important contribution to the understanding of the Second Bank of the United States and an excellent point of reference for scholars of early American economic and political history." - Claire Brennecke! Federal Deposit Insurance Corporation. Informationen zum Autor Jane Ellen Knodell is Mark J. Zwynenburg Green and Gold Professor of Financial History at the University of Vermont, USA. Her research and teaching interests are in the fields of money and banking, macroeconomics, and economic history. Klappentext The year 2016 marks the 200th anniversary of the founding of the Second Bank of the United States (1816-1836). This book is an economic history of an early central bank, the Second Bank of the United States (1816-36). It shows how the Bank developed a business model that allowed it to make a competitive profit while providing integrating fiscal services to the national government for free. The model revolved around the strategic use of its unique ability to establish a nationwide system of branches. This book shows how the Bank used its branch network to establish dominance in select money markets: frontier money markets and markets for bills of exchange and specie. Zusammenfassung The year 2016 marks the 200th anniversary of the founding of the Second Bank of the United States (1816-1836). This book is an economic history of an early central bank, the Second Bank of the United States (1816-36). After US President Andrew Jackson vetoed the re-chartering of the Bank in 1832, the US would go without a central bank for the rest of the nineteenth century, unlike Europe and England. This book takes a fresh look at the role and legacy of the Second Bank. The Second Bank of the United States shows how the Bank developed a business model that allowed it to make a competitive profit while providing integrating fiscal services to the national government for free. The model revolved around the strategic use of its unique ability to establish a nationwide system of branches. This book shows how the Bank used its branch network to establish dominance in select money markets: frontier money markets and markets for bills of exchange and specie. These lines of business created synergies with the Bank’s fiscal duties, and profits that helped cover their costs. The Bank’s branch in New Orleans, Louisiana, became its geographic centre of gravity, in contrast with the state-chartered banking system, which was already, by the 1820s, centred around New York. This book is of great interest to those who study banking and American history, as well as economic students who have a great interest in economic history. Inhaltsverzeichnis Chapter One: Introduction Chapter Two: Origin and purposes of the Second Bank Chapter Three: The Second Bank’s branch network and the state banking system Chapter Four: The Second Bank and the "exchanges": conquering space Chapter Five: The "production" of monetary stability Chapter Six: The Second Bank’s specie market operations Chapter Seven: Conclusion ...
