"This manuscript represents the first book-length treatment of early American banking in over 40 years. During that time economic historians have offered new interpretations of several important developments in antebellum American banking practice and policy. Such features of early American financial markets as free banking, branch banking, deposit insurance, and micro-banking have been radically reinterpreted since Redlich and Hammond wrote. Moreover, economic theory has made significant advances, and this manuscript incorporates those theoretical insights into every chapter. The so-called "information-theoretic" approach links the chapters into a unified whole. Early sections of each chapter synthesize the extant research; later sections present extensions, new finding and new interpretations."
"Examines the different state banking systems in the U.S. from 1790 through 1860."
"During the latter half of the 20th century such features of early American financial markets as free banking, branch banking, deposit insurance, and micro-banking were radically reinterpreted. This text synthesizes extant research and finds alternative interpretations."
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Bankgeschichte / Bankenpolitik / Bankensystem / USA.
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Banks and banking State supervision United States.
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