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Early Origins of American Banking The History of Banking in America (History of Banking & Finance)

James William Gilbart

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ISBN 10: 0415144507 / ISBN 13: 9780415144506
Verlag: Routledge//Thoemmes Press, an imprint of Taylor & F 1996, 1996
Gebraucht Soft cover
Verkäufer Robin Summers (Aldeburgh, Vereinigtes Königreich) Anzahl: 1

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1996 reprint of 1837 edition Complete in itself but Volume 7 of a 7 volume set ÒEarly Origins of American BankingÓ The United States dollar is the world's leading currency, and yet it was born out of a series of accidents and ad hoc decisions. The first attempt by Congress to introduce a unified currency to finance a national army failed because nearly twenty counterfeit notes appeared for each genuine dollar and because the central government had no powers to tax to back up its currency. Even after Congress was given the exclusive power of coinage under the Constitution, it took sixteen years to set up the Mint. The Federal government's theoretical monopoly over coinage, however, did not stop States from using their charter to set up note issuing banks. The resulting corruption and fraud led to experiments in regulation and a system of 'free banking'. This set examines the development of banking in the United States in the first half of the nineteenth century. The material considers issues such as: The role of a central bank Banking regulation Banks and money supply The volumes are significant both in the development of the theory of banking and in terms of documenting the history of banking in the United States. Set Contents A General History of the Most Prominent Banks in Europe . also A Hamilton's Report to Congress on Currency [1831] Thomas H Goddard 256pp, Legislative and Documentary History of the Bank of the United States [1832] Clarke & Hall 410pp, The History of Banks [1837] Richard Hildreth 146pp, The Theory of Money and Banks Investigated [1839] George Tucker 420pp, Dunscombe's Free Banking [1841] Charles Dunscombe 368pp, The Journal of Banking.to which is annexed A Short History of Paper Money and Banking [1842] William M Gouge 412pp, The History of Banking in America [1837] William Gilbart 220pp Hardback fine. Buchnummer des Verkäufers A22973

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This set examines the development of banking in the United States in the first half of the nineteenth century. When Congress first tried to introduce a unified currency to finance a national army it failed because of the large number of counterfeit notes in circulation. Similarly two attempts to set up a central bank resulted in bankruptcy. Even after the Mint was set up, the Federal government's theoretical monopoly over coinage did not stop states from using their charter to set up note issuing banks. The resulting corruption and fraud let to experiments in regulation and a system of 'free banking'. The material included examines such issues as the role of a central bank, banking regulation, banks and the money supply.
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Titel: Early Origins of American Banking The ...

Verlag: Routledge//Thoemmes Press, an imprint of Taylor & F 1996

Erscheinungsdatum: 1996

Einband: Soft cover

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Verkäufer Robin Summers
Adresse: Aldeburgh, Vereinigtes Königreich

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