A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building (Studies in Macroeconomic History) Book + PRICE WATCH * Amazon pricing is not included in price watch

A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building (Studies in Macroeconomic History) Book

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

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  • Book Description

    This history focuses on the credit generating function of American banks. It demonstrates that banks aggressively promoted economic development rather than passively followed 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.

  • 0521669995
  • 9780521669993
  • Howard Bodenhorn
  • 13 February 2000
  • Cambridge University Press
  • Paperback (Book)
  • 284
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