Description: This is the first major study of post-Civil War banking panics in almost a century. The author has constructed for the first time estimates of bank closures and their incidence in each of the five separate banking disturbances. The book takes a novel approach by reconstructing the course of banking panics in the interior, where suspension of cash payment, not bank closures, was the primary effect of banking panics on the average person. The author also re-evaluates the role of the New York Clearing House in forestalling several panics and explains why it failed to do so in 1893 and 1907, concluding that structural defects of the National Banking Act were not the primary cause of the panics.
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EAN: 9780521770231
UPC: 9780521770231
ISBN: 9780521770231
MPN: N/A
Book Title: Banking Panics of the Gilded Age (Studies in Macro
Number of Pages: 180 Pages
Language: English
Publication Name: Banking Panics of the Gilded Age
Publisher: Cambridge University Press
Item Height: 0.6 in
Publication Year: 2000
Subject: Banks & Banking, Economic History
Type: Textbook
Item Weight: 15.6 Oz
Author: Elmus Wicker
Subject Area: Business & Economics
Item Length: 9 in
Item Width: 6 in
Series: Studies in Macroeconomic History Ser.
Format: Hardcover
