A history of banking in antebellum America (Financial markets and economic development in an era of nation-building)
Editorial CAMBRIDGE UNIVERSITY PRESS
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Festland Spanien
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- Verlag CAMBRIDGE UNIVERSITY PRESS
- ISBN13 9780521669993
- ISBN10 0521669995
- Gegenstandsart BUCH
- Buchseiten 260
- Jahr der Ausgabe 2000
- Bindung Gebunden
Themen
WirtschaftsgeschichteA history of banking in antebellum America (Financial markets and economic development in an era of nation-building)
Editorial CAMBRIDGE UNIVERSITY PRESS
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Buch Details
This history focuses on the credit generating function of American banks. It demonstrates that banks aggressively promoted economic development rather than passively following 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.