The Rise of American Capitalism The Growth of American Banks |
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| Author:
| Moriarty, J. T. |
| Series title: | America's Industrial Society in the 19th Century Ser. |
| ISBN: | 978-1-61511-346-0 |
| Publication Date: | Feb 2009 |
| Publisher: | Rosen Publishing Group
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| Book Format: | Mixed media product |
| List Price: | USD $47.90 |
Book Description:
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As America changed from a farming economy to an industrialized economy in the 19th century, those involved in big business and speculation began to make huge sums of money. Since local banks could no longer meet their needs, the United States, in cooperation with state banks, was forced to create a safe system of currency that would allow the fledgling economy to develop and expand. A centralized banking system grew, answering the financial needs of business, and creating a ertile...
More DescriptionAs America changed from a farming economy to an industrialized economy in the 19th century, those involved in big business and speculation began to make huge sums of money. Since local banks could no longer meet their needs, the United States, in cooperation with state banks, was forced to create a safe system of currency that would allow the fledgling economy to develop and expand. A centralized banking system grew, answering the financial needs of business, and creating a ertile environment for capitalism.