A History of Banking in Antebellum America PDF Download
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Author: Howard Bodenhorn
Publisher: Cambridge University Press
ISBN: 9780521669993
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Professor Bodenhorn reveals how America was served by an efficient system of financial intermediaries by the mid-nineteenth century.
Author: Howard Bodenhorn
Publisher: Cambridge University Press
ISBN: 9780521669993
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
Professor Bodenhorn reveals how America was served by an efficient system of financial intermediaries by the mid-nineteenth century.
Author: Howard Bodenhorn
Publisher:
ISBN:
Category :
Languages : es
Pages :
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Book Description
Author: Richard Holcombe Kilbourne Jr
Publisher: Routledge
ISBN: 1317315197
Category : Business & Economics
Languages : en
Pages : 209
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Book Description
Offers the study of Antebellum southern slavery and the credit system. This work explains how the Bank of the United States supported the government's and the nation's credit abroad by providing seemingly limitless credit facilities to southern planters, especially in the territories along the lower Mississippi River.
Author: Howard Bodenhorn
Publisher: Oxford University Press, USA
ISBN: 0195147766
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
Examines the different state banking systems in the U.S. from 1790 through 1860.
Author: Richard Holcombe Kilbourne Jr
Publisher:
ISBN: 9781138663473
Category : Banks and banking
Languages : en
Pages : 0
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Book Description
Slave Agriculture and Financial Markets looks at financing slave agriculture from the perspective of credit intermediaries such as chartered banks and commercial partnerships. It explains in detail how the Bank of the United States supported the government's and the nation's credit abroad by providing seemingly limitless credit facilities to southern planters, especially in the newly opened territories along the lower Mississippi River.
Author: Sharon Ann Murphy
Publisher: JHU Press
ISBN: 1421421763
Category : History
Languages : en
Pages : 207
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Book Description
How the contentious world of nineteenth-century banking shaped the United States. Pieces of paper that claimed to be good for two dollars upon redemption at a distant bank. Foreign coins that fluctuated in value from town to town. Stock certificates issued by turnpike or canal companies—worth something . . . or perhaps nothing. IOUs from farmers or tradesmen, passed around by people who could not know the person who first issued them. Money and banking in antebellum America offered a glaring example of free-market capitalism run amok—unregulated, exuberant, and heading pell-mell toward the next “panic” of burst bubbles and hard times. In Other People’s Money, Sharon Ann Murphy explains how banking and money worked before the federal government, spurred by the chaos of the Civil War, created the national system of US paper currency. Murphy traces the evolution of banking in America from the founding of the nation, when politicians debated the constitutionality of chartering a national bank, to Andrew Jackson’s role in the Bank War of the early 1830s, to the problems of financing a large-scale war. She reveals how, ultimately, the monetary and banking structures that emerged from the Civil War also provided the basis for our modern financial system, from its formation under the Federal Reserve in 1913 to the present. Touching on the significant role that numerous historical figures played in shaping American banking—including Alexander Hamilton, James Madison, Benjamin Franklin, Henry Clay, Daniel Webster, and Louis Brandeis—Other People’s Money is an engaging guide to the heated political fights that surrounded banking in early America as well as to the economic causes and consequences of the financial system that emerged from the turmoil. By helping readers understand the financial history of this period and the way banking shaped the society in which ordinary Americans lived and worked, this book broadens and deepens our knowledge of the Early American Republic.
Author: Joshua R. Greenberg
Publisher: University of Pennsylvania Press
ISBN: 0812252241
Category : History
Languages : en
Pages : 256
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Book Description
The colorful history of paper money before the Civil War Before Civil War greenbacks and a national bank network established a uniform federal currency in the United States, the proliferation of loosely regulated banks saturated the early American republic with upwards of 10,000 unique and legal bank notes. This number does not even include the plethora of counterfeit bills and the countless shinplasters of questionable legality issued by unregulated merchants, firms, and municipalities. Adding to the chaos was the idiosyncratic method for negotiating their value, an often manipulative face-to-face discussion consciously separated from any haggling over the price of the work, goods, or services for sale. In Bank Notes and Shinplasters, Joshua R. Greenberg shows how ordinary Americans accumulated and wielded the financial knowledge required to navigate interpersonal bank note transactions. Locating evidence of Americans grappling with their money in fiction, correspondence, newspapers, printed ephemera, government documents, legal cases, and even on the money itself, Greenberg argues Americans, by necessity, developed the ability to analyze the value of paper financial instruments, assess the strength of banking institutions, and even track legislative changes that might alter the rules of currency circulation. In his examination of the doodles, calculations, political screeds, and commercial stamps that ended up on bank bills, he connects the material culture of cash to financial, political, and intellectual history. The book demonstrates that the shift from state-regulated banks and private shinplaster producers to federally authorized paper money in the Civil War era led to the erasure of the skill, knowledge, and lived experience with banking that informed debates over economic policy. The end result, Greenberg writes, has been a diminished public understanding of how currency and the financial sector operate in our contemporary era, from the 2008 recession to the rise of Bitcoin.
Author: Sharon Ann Murphy
Publisher: University of Chicago Press
ISBN: 0226825132
Category : Banks and banking
Languages : en
Pages : 430
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Book Description
"Sharon Murphy's book is a powerful and unprecedented dive into the entangled history of banking and slavery in nineteenth-century America. Slaveholders developed credit and creditworthiness by using enslaved people as collateral, and this allowed them to undertake an endless array of projects. But Murphy further shows that this credit system grew and changed as banks sought new ways to realize their own profits and power. She demonstrates not merely how slavery was financed by banks but how banks were financed by slavery. By extension, everything banks enabled, not least the physical expansion of the United States itself, was also then literally indebted to that noxious institution"--
Author: Stephen Mihm
Publisher: Harvard University Press
ISBN: 0674041011
Category : History
Languages : en
Pages : 470
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Book Description
Prior to the Civil War, the United States did not have a single, national currency. Counterfeiters flourished amid this anarchy, putting vast quantities of bogus bills into circulation. Their success, Mihm reveals, is more than an entertaining tale of criminal enterprise: it is the story of the rise of a country defined by freewheeling capitalism and little government control. Mihm shows how eventually the older monetary system was dismantled, along with the counterfeit economy it sustained.
Author: Jill M. Hendrickson
Publisher: Springer
ISBN: 0230295134
Category : Political Science
Languages : en
Pages : 313
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Book Description
The historical response to bank crises has always been more regulation. A pattern emerges that some may find surprising: regulation often contributes to bank instability. It suppresses competition and effective response to market changes and encourages bankers to take on additional risk. This book offers a valuable history lesson for policy makers.
