Banking panics of the gilded age
"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, w...
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| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge [u.a.]
Cambridge Univ. Press
2000
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| Ausgabe: | 1. publ. |
| Schriftenreihe: | Studies in macroeconomic history
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| Schlagworte: | |
| Online-Zugang: | Publisher description Table of contents |
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| Zusammenfassung: | "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 reevaluates 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."--BOOK JACKET. |
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| Beschreibung: | XVII, 160 S. |
| ISBN: | 0521770238 |