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portada A History of Banking in Antebellum America Paperback: Financial Markets and Economic Development in an era of Nation-Building (Studies in Macroeconomic History)
Type
Physical Book
Author
Publisher
Year
2000
Language
English
Pages
284
Format
Paperback
Dimensions
22.8x15.3x1.7 cm
Weight
0.36 kg.
ISBN
0521669995
ISBN13
9780521669993
Categories

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

Howard Bodenhorn (Author) · Cambridge University Press · Paperback

A History of Banking in Antebellum America Paperback: Financial Markets and Economic Development in an era of Nation-Building (Studies in Macroeconomic History) - Bodenhorn, Howard

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Synopsis "A History of Banking in Antebellum America Paperback: Financial Markets and Economic Development in an era of Nation-Building (Studies in Macroeconomic History) "

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.

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