The National Banks and American Economic Development, 1870-1900

Omtale

This book, first published in 1985, is a study of the functioning of one sector of US capital markets - non-reserve city national banks - between 1870 and 1900. The unusually wide expansion of the US economy in this period was impelled in part by the growth and development of agriculture, and this study examines the role of one source of loanable funds.