{"product_id":"a-history-of-banking-in-antebellum-america-financial-markets-and-economic-development-in-an-era-of-nation-building-hardback-9780521662857","title":"A History of Banking in Antebellum America; Financial Markets and Economic Development in an Era of Nation-Building (Hardback) 9780521662857","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eA History of Banking in Antebellum America\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eFinancial Markets and Economic Development in an Era of Nation-Building\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eProfessor Bodenhorn reveals how America was served by an efficient system of financial intermediaries by the mid-nineteenth century.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eHoward Bodenhorn (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521662857, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 13 February 2000\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e284 pages, 12 b\/w illus.  33 tables\u003cbr\u003e23.8 x 15.8 x 2.1 cm, 0.515 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'Professor Bodenhorn's work both integrates earlier research and greatly extends our understanding of the evolution of the short-term capital markets in the United States. The book is certain to have an impact upon our interpretation of institutional evolution in the antebellum period. It should be a 'must read' for all serious economic historians of the United States.' Lance E. Davis, California Institute of Technology\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003ePrevious banking histories have focused on the money supply function of early American banks and its connection to the recurrent boom-bust cycle of the antebellum era. This history focuses on the credit generating function of American banks  It demonstrates that banks aggressively promoted development rather than passively followed its course. Using previously unexploited data, Professor Bodenhorn shows that banks helped to advance the development of incipient 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, that is, where it was most in demand. He then traces those institutional and legal developments that allowed for this capital mobility. The result was that America was served by an efficient system of financial intermediaries by the mid-nineteenth century.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction: historical setting and three views of banking\u003cbr\u003e 2. Financial development and economic growth in Antebellum America\u003cbr\u003e 3. Financing entrepreneurship: banks, merchants and manufacturers\u003cbr\u003e 4. The integration of short-term capital markets in Antebellum America\u003cbr\u003e 5. Banks, brokers, and capital mobility\u003cbr\u003e 6. Conclusion: how banks mattered.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economic history [\u003ca title=\"See our other books on Economic history\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economic%20history%20%5BKCZ%5D%22\"\u003eKCZ\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46251989008664,"sku":"9780521662857","price":62.69,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521669993.jpg?v=1691927894","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/a-history-of-banking-in-antebellum-america-financial-markets-and-economic-development-in-an-era-of-nation-building-hardback-9780521662857","provider":"Freshly Printed Books","version":"1.0","type":"link"}