Money and Capital Markets in Postbellum America
()
Currently unavailable
Currently unavailable
About this ebook
Postbellum economic change in the United States required an efficient system by which capital could be transferred to areas where it was relatively scarce. In assessing the structure that evolved to meet this need, John James provides a new and convincing explanation of the forces underlying the integration of separate and local money markets to form a national market.
To understand the role of financial markets during the period, the author examines the institutions and operations of the banking system in detail. In contrast to the now-prevailing view among scholars, Professor James finds that the banking system was quite adaptable in responding to institutional constraints, and he focuses in particular on the role of the correspondent banking system. The second part of his book assesses the performance of the market and the forces promoting change during the period. Drawing on a new and more carefully derived set of interest rates, the author tests competing hypotheses to explain integration and advances a more satisfactory alternative theory. He offers the first modern analysis of American financial institutions of the period between the Civil War and the establishment of the Federal Reserve System. In so doing, he adds to our knowledge of the historic role of finance and capital in economic development.
Originally published in 1978.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Related to Money and Capital Markets in Postbellum America
Titles in the series (5)
Studies in Intellectual History of Tokugawa Japan Rating: 0 out of 5 stars0 ratingsThe Albanian National Awakening Rating: 0 out of 5 stars0 ratingsCalendar of the Roman Republic Rating: 5 out of 5 stars5/5Home and Homeland: The Dialogics of Tribal and National Identities in Jordan Rating: 0 out of 5 stars0 ratingsW. Arthur Lewis and the Birth of Development Economics Rating: 5 out of 5 stars5/5
Related ebooks
Bank Investing: A Practitioner's Field Guide Rating: 0 out of 5 stars0 ratingsThe Financial Issues of the New International Economic Order: Pergamon Policy Studies on The New International Economic Order Rating: 0 out of 5 stars0 ratingsInternational Borrowing by Developing Countries: Pergamon Policy Studies on International Development Rating: 0 out of 5 stars0 ratingsThe Panic of 1907: Heralding a New Era of Finance, Capitalism, and Democracy Rating: 4 out of 5 stars4/5The Brain and Money Talk Rating: 0 out of 5 stars0 ratingsUrban Policy and the Exterior City: Federal, State and Corporate Impacts upon Major Cities Rating: 0 out of 5 stars0 ratingsThis Time Is Different: Eight Centuries of Financial Folly Rating: 4 out of 5 stars4/5Readings in Money and Banking: Selected and Adapted Rating: 0 out of 5 stars0 ratingsSummary of Saifedean Ammous's The Fiat Standard Rating: 0 out of 5 stars0 ratingsUnsettled Account: The Evolution of Banking in the Industrialized World since 1800 Rating: 0 out of 5 stars0 ratingsCorporate Financial Distress, Restructuring, and Bankruptcy: Analyze Leveraged Finance, Distressed Debt, and Bankruptcy Rating: 0 out of 5 stars0 ratingsIntroduction to Economics Rating: 4 out of 5 stars4/5The Handbook of Municipal Bonds Rating: 0 out of 5 stars0 ratingsThe Bonds of Inequality: Debt and the Making of the American City Rating: 4 out of 5 stars4/5The Money Revolution: How to Finance the Next American Century Rating: 0 out of 5 stars0 ratingsThe Red Dream: The Chinese Communist Party and the Financial Deterioration of China Rating: 0 out of 5 stars0 ratingsMoney, Banking, and Economic Activity Rating: 5 out of 5 stars5/5
Money & Monetary Policy For You
The Wealth of Nations (Illustrated) Rating: 4 out of 5 stars4/5Saving Money: The Top 100 Best Ways To Save Your Money And To Spend Your Money Wisely Rating: 4 out of 5 stars4/5The Great Money Bubble: Protect Yourself from the Coming Inflation Storm Rating: 5 out of 5 stars5/5The Definition of Money: The Economic Definitions, #1 Rating: 0 out of 5 stars0 ratingsDirty Little Secrets: What the Credit Reporting Agencies Won't Tell You Rating: 4 out of 5 stars4/5The DIY credit restoration blueprint Rating: 5 out of 5 stars5/5James Allen 21 Books: Complete Premium Collection Rating: 5 out of 5 stars5/5Earn $10000 With CHAT GPT Rating: 1 out of 5 stars1/5The Secret Language of Money: How to Make Smarter Financial Decisions and Live a Richer Life Rating: 0 out of 5 stars0 ratingsSummary of Ken Coleman's From Paycheck to Purpose Rating: 0 out of 5 stars0 ratingsInflation: What It Is, Why It's Bad, and How to Fix It Rating: 4 out of 5 stars4/5Millionaire Mindset: Strategies Used by the Rich Rating: 4 out of 5 stars4/5Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy Rating: 3 out of 5 stars3/5The Economics of Discontent: From Failing Elites to The Rise of Populism Rating: 0 out of 5 stars0 ratingsBoss Up Your Business Credit; A Business Credit Building and Credit Positioning Guide Rating: 4 out of 5 stars4/5The Reserve Bank = A License to Steal Money from Citizens? (How Money is Created from Nothing for Dummies) Rating: 5 out of 5 stars5/5Improve and Increase Your Credit Score: Credit Management Strategies that Will Save You Thousands Rating: 0 out of 5 stars0 ratings101 Powerful Tips For Legally Improving Your Credit Score Rating: 0 out of 5 stars0 ratingsWork, Retire, Repeat: The Uncertainty of Retirement in the New Economy Rating: 0 out of 5 stars0 ratingsThe Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Discover The Dark Secrets of Private Banking and Federal Reserve (FED) by Learning The Art of Printing Money Rating: 5 out of 5 stars5/5The Price of Tomorrow: Why Deflation is the Key to an Abundant Future Rating: 5 out of 5 stars5/5Tax Liens: How To Generate Income From Property Tax Lien Certificates Rating: 0 out of 5 stars0 ratingsThe Power and Independence of the Federal Reserve Rating: 5 out of 5 stars5/5High Credit Score Secrets: Boost Your Credit Score. Repair Guide to Excellent Credit and Overcome your Credit Card Debt Forever Rating: 0 out of 5 stars0 ratingsSelling Covered Calls for Passive Income: MFI Series1, #104 Rating: 0 out of 5 stars0 ratingsEmergency Preparedness and Off-Grid Communication Rating: 0 out of 5 stars0 ratingsThe Fiat Standard: The Debt Slavery Alternative to Human Civilization Rating: 5 out of 5 stars5/5The Fed Unbound: Central Banking in a Time of Crisis Rating: 0 out of 5 stars0 ratings
Reviews for Money and Capital Markets in Postbellum America
0 ratings0 reviews