Banking in Oklahoma Before Statehood

Banking in Oklahoma Before Statehood PDF Author: Michael J. Hightower
Publisher: University of Oklahoma Press
ISBN: 0806150262
Category : Business & Economics
Languages : en
Pages : 417

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Book Description
This lively book takes Oklahoma history into the world of Wild West capitalism. It begins with a useful survey of banking from the early days of the American republic until commercial patterns coalesced in the East. It then follows the course of American expansion westward, tracing the evolution of commerce and banking in Oklahoma from their genesis to the eve of statehood in 1907. Banking in Oklahoma before Statehood is not just a story of men sitting behind desks. Author Michael J. Hightower describes the riverboat trade in the Arkansas and Red River valleys and freighting on the Santa Fe Trail. Shortages of both currency and credit posed major impediments to regional commerce until storekeepers solved these problems by moving beyond barter to open ad hoc establishments known as merchant banks. Banking went through a wild adolescence during the territorial period. The era saw robberies and insider shenanigans, rivalries between banks with territorial and national charters, speculation in land and natural resources, and land fraud in the Indian Territory. But as banking matured, the better-capitalized institutions became the nucleus of commercial culture in the Oklahoma and Indian Territories. To tell this story, the author blends documentary historical research in both public and corporate archives with his own interviews and those that WPA field-workers conducted with old-timers during the New Deal. Bankers were never far from the action during the territorial period, and the institutions they built were both cause and effect of Oklahoma’s inclusion in national networks of banking and commerce. The no-holds-barred brand of capitalism that breathed life into the Oklahoma frontier has remained alive and well since the days of the fur traders. As one knowledgable observer said in the 1980s, “You’ve always had the gambling spirit in Oklahoma.”

Banking in Oklahoma Before Statehood

Banking in Oklahoma Before Statehood PDF Author: Michael J. Hightower
Publisher: University of Oklahoma Press
ISBN: 0806150262
Category : Business & Economics
Languages : en
Pages : 417

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Book Description
This lively book takes Oklahoma history into the world of Wild West capitalism. It begins with a useful survey of banking from the early days of the American republic until commercial patterns coalesced in the East. It then follows the course of American expansion westward, tracing the evolution of commerce and banking in Oklahoma from their genesis to the eve of statehood in 1907. Banking in Oklahoma before Statehood is not just a story of men sitting behind desks. Author Michael J. Hightower describes the riverboat trade in the Arkansas and Red River valleys and freighting on the Santa Fe Trail. Shortages of both currency and credit posed major impediments to regional commerce until storekeepers solved these problems by moving beyond barter to open ad hoc establishments known as merchant banks. Banking went through a wild adolescence during the territorial period. The era saw robberies and insider shenanigans, rivalries between banks with territorial and national charters, speculation in land and natural resources, and land fraud in the Indian Territory. But as banking matured, the better-capitalized institutions became the nucleus of commercial culture in the Oklahoma and Indian Territories. To tell this story, the author blends documentary historical research in both public and corporate archives with his own interviews and those that WPA field-workers conducted with old-timers during the New Deal. Bankers were never far from the action during the territorial period, and the institutions they built were both cause and effect of Oklahoma’s inclusion in national networks of banking and commerce. The no-holds-barred brand of capitalism that breathed life into the Oklahoma frontier has remained alive and well since the days of the fur traders. As one knowledgable observer said in the 1980s, “You’ve always had the gambling spirit in Oklahoma.”

Banking in Oklahoma Before Statehood

Banking in Oklahoma Before Statehood PDF Author: Michael J. Hightower
Publisher:
ISBN: 9780806194189
Category :
Languages : en
Pages : 0

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Book Description
This lively book takes Oklahoma history into the world of Wild West capitalism. It begins with a useful survey of banking from the early days of the American republic until commercial patterns coalesced in the East. It then follows the course of American expansion westward, tracing the evolution of commerce and banking in Oklahoma from their genesis to the eve of statehood in 1907.

Banking in Oklahoma Before Statehood

Banking in Oklahoma Before Statehood PDF Author: Michael J. Hightower
Publisher: University of Oklahoma Press
ISBN: 0806150289
Category : Business & Economics
Languages : en
Pages : 540

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Book Description
This lively book takes Oklahoma history into the world of Wild West capitalism. It begins with a useful survey of banking from the early days of the American republic until commercial patterns coalesced in the East. It then follows the course of American expansion westward, tracing the evolution of commerce and banking in Oklahoma from their genesis to the eve of statehood in 1907. Banking in Oklahoma before Statehood is not just a story of men sitting behind desks. Author Michael J. Hightower describes the riverboat trade in the Arkansas and Red River valleys and freighting on the Santa Fe Trail. Shortages of both currency and credit posed major impediments to regional commerce until storekeepers solved these problems by moving beyond barter to open ad hoc establishments known as merchant banks. Banking went through a wild adolescence during the territorial period. The era saw robberies and insider shenanigans, rivalries between banks with territorial and national charters, speculation in land and natural resources, and land fraud in the Indian Territory. But as banking matured, the better-capitalized institutions became the nucleus of commercial culture in the Oklahoma and Indian Territories. To tell this story, the author blends documentary historical research in both public and corporate archives with his own interviews and those that WPA field-workers conducted with old-timers during the New Deal. Bankers were never far from the action during the territorial period, and the institutions they built were both cause and effect of Oklahoma’s inclusion in national networks of banking and commerce. The no-holds-barred brand of capitalism that breathed life into the Oklahoma frontier has remained alive and well since the days of the fur traders. As one knowledgable observer said in the 1980s, “You’ve always had the gambling spirit in Oklahoma.”

Banking in Oklahoma, 1907–2000

Banking in Oklahoma, 1907–2000 PDF Author: Michael J. Hightower
Publisher: University of Oklahoma Press
ISBN: 0806148322
Category : Business & Economics
Languages : en
Pages : 501

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Book Description
The story of banking in twentieth-century Oklahoma is also the story of the Sooner State’s first hundred years, as Michael J. Hightower’s new book demonstrates. Oklahoma statehood coincided with the Panic of 1907, and both events signaled seismic shifts in state banking practices. Much as Oklahoma banks shed their frontier persona to become more tightly integrated in the national economy, so too was decentralized banking revealed as an anachronism, utterly unsuited to an increasingly global economy. With creation of the Federal Reserve System in 1913 and subsequent choice of Oklahoma City as the location for a branch bank, frontier banking began yielding to systems commensurate with the needs of the new century. Through meticulous research and personal interviews with bankers statewide, Hightower has crafted a compelling narrative of Oklahoma banking in the twentieth century. One of the first acts of the new state legislature was to guarantee that depositors in state-chartered banks would never lose a penny. Meanwhile, land and oil speculators and the bankers who funded their dreams were elevating get-rich-quick (and often get-poor-quick) schemes to an art form. In defense of country banks, the Oklahoma Bankers Association dispatched armed vigilantes to stop robbers in their tracks. Subsequent developments in Oklahoma banking include adaptation to regulations spawned by the Great Depression, the post–World War II boom, the 1980s depression in the oil patch, and changes fostered by rapid-fire advances in technology and communication. The demise of Penn Square Bank offers one of history’s few unambiguous lessons, and it warrants two chapters—one on the rise, and one on the fall. Increasing regulation of the banking industry, the survival of family banks, and the resilience of community banking are consistent themes in a state that is only a few generations removed from the frontier.

1889

1889 PDF Author: Michael J. Hightower
Publisher: University of Oklahoma Press
ISBN: 0806162341
Category : History
Languages : en
Pages : 345

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Book Description
After immigrants flooded into central Oklahoma during the land rush of 1889 and the future capital of Oklahoma City sprang up “within a fortnight,” the city’s residents adopted the slogan “born grown” to describe their new home. But the territory’s creation was never so simple or straightforward. The real story, steeped in the politics of the Gilded Age, unfolds in 1889, Michael J. Hightower’s revealing look at a moment in history that, in all its turmoil and complexity, transcends the myth. Hightower frames his story within the larger history of Old Oklahoma, beginning in Indian Territory, where displaced tribes and freedmen, wealthy cattlemen, and prospective homesteaders became embroiled in disputes over public land and federal government policies. Against this fraught background, 1889 travels back and forth between Washington, D.C., and the Oklahoma frontier to describe the politics of settlement, public land use, and the first stirrings of urban development. Drawing on eyewitness accounts, Hightower captures the drama of the Boomer incursions and the Run of ’89, as well as the nascent urbanization of the townsite that would become Oklahoma City. All of these events played out in a political vacuum until Congress officially created Oklahoma Territory in the Organic Act of May 1890. The story of central Oklahoma is profoundly American, showing the region to have been a crucible for melding competing national interests and visions of the future. Boomers, businessmen, cattlemen, soldiers, politicians, pundits, and African and Native Americans squared off—sometimes peacefully, often not—in disagreements over public lands that would resonate in western history long after 1889.

The Guaranty of Bank Deposits

The Guaranty of Bank Deposits PDF Author: Thomas Bruce Robb
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 250

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Book Description


The First Eight Months of Oklahoma City

The First Eight Months of Oklahoma City PDF Author: Irving Geffs
Publisher:
ISBN:
Category : Oklahoma City (Okla.)
Languages : en
Pages : 128

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Book Description


Crossroads of Change

Crossroads of Change PDF Author: Cori Knudten
Publisher: University of Oklahoma Press
ISBN: 0806167777
Category : History
Languages : en
Pages : 221

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Book Description
Encompassing nearly seven thousand acres amid the woodlands of the Sangre de Cristo Mountains in northern New Mexico, the land that is now Pecos National Historical Park has witnessed thousands of years of cultural history stretching back to the Native peoples who long ago inhabited the pueblos of Pecos, then known as Cicuye. Once a trading center where Pueblo Indians, Spanish soldiers and settlers, and Plains Indians encountered one another, not always peacefully, Pecos was a stop on the Santa Fe Trail in the early 1800s and, later, on the first railroad in New Mexico. It was the site of a critical Civil War battle and in the twentieth century became a tourist destination. This book tells the story of how, over five centuries, cultures and peoples converged at Pecos and transformed its environment, ultimately shaping the landscape that greets park visitors today. Spanning the period from 1540, when Spaniards first arrived, into the twenty-first century, Crossroads of Change focuses on the history of the natural and historic resources Pecos National Historical Park now protects and interprets: the ruins of Pecos Pueblo and a Spanish mission church, a stage stop along the Santa Fe Trail, the Civil War battlefield of Glorieta Pass, a twentieth-century cattle ranch, and the national park itself. In an engaging style, authors Cori Knudten and Maren Bzdek detail the transformations of Pecos over time, often driven by the collision of different cultures, such as that between the Franciscan friars and Pecos Indians in the seventeenth century, and by the introduction of new animals, crops, and agricultural practices—but also by the natural forces of fire, drought, and erosion. Located on a natural trade route, Pecos has long served as a portal between different cultures and environments. Documenting this transformation over the ages, Crossroads of Change also, perhaps, shows us Pecos National Historical Park as a portal to the future.

The Rise and Fall of the Choctaw Republic

The Rise and Fall of the Choctaw Republic PDF Author: Angie Debo
Publisher: University of Oklahoma Press
ISBN: 9780806112473
Category : History
Languages : en
Pages : 356

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Book Description
Records the history of the Choctaw Indians through their political, social, and economic customs.

50 Events That Shaped American Indian History [2 volumes]

50 Events That Shaped American Indian History [2 volumes] PDF Author: Donna Martinez
Publisher: Bloomsbury Publishing USA
ISBN: 1440835772
Category : Social Science
Languages : en
Pages : 885

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Book Description
This powerful two-volume set provides an insider's perspective on American Indian experiences through engaging narrative entries about key historical events written by leading scholars in American Indian history as well as inspiring first-person accounts from American Indian peoples. This comprehensive, two-volume resource on American Indian history covers events from the time of ancient Indian civilizations in North America to recent happenings in American Indian life in the 21st century, providing readers with an understanding of not only what happened to shape the American Indian experience but also how these events—some of which occurred long ago—continue to affect people's lives today. The first section of the book focuses on history in the pre-European contact period, documenting the tens of thousands of years that American Indians have resided on the continent in ancient civilizations, in contrast with the very short history of a few hundred years following contact with Europeans—during which time tremendous changes to American Indian culture occurred. The event coverage continues chronologically, addressing the early Colonial period and beginning of trade with Europeans and the consequential destruction of native economies, to the period of Western expansion and Indian removal in the 1800s, to events of forced assimilation and later self-determination in the 20th century and beyond. Readers will appreciate how American Indians continue to live rich cultural, social, and religious lives thanks to the activism of communities, organizations, and individuals, and perceive how their inspiring collective story of self-determination and sovereignty is far from over.