A History of Banking in Antebellum America Financial Markets and Economic Development in an Era of Nation-Building |
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| Author:
| Bodenhorn, Howard |
| Contribution by:
| Bordo, Michael D.
Capie, Forrest
Redish, Angela |
| Series title: | Studies in Macroeconomic History Ser. |
| ISBN: | 978-0-521-66285-7 |
| Publication Date: | Feb 2000 |
| Publisher: | Cambridge University Press
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| Book Format: | Hardback |
| List Price: | USD $80.99 |
Book Description:
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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...
More DescriptionThis 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.