| 000 | 02394pam a2200313 i 4500 | ||
|---|---|---|---|
| 008 | 771216s1978 njua b 001 0 eng | ||
| 020 | _a0691042187 | ||
| 040 |
_aDLC _cDLC |
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| 050 | 0 | 0 |
_aHG181 _b.J345 |
| 082 | 0 | 0 |
_a332.4 _bJAM |
| 100 | 1 | _aJames, John A. | |
| 245 | 1 | 0 | _aMoney and capital markets in postbellum America / |
| 260 |
_aPrinceton, N.J. : _bPrinceton University Press, _cc1978. |
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| 300 | _axv, 293 p. : ill. ; 23 cm | ||
| 500 | _aIncludes index. | ||
| 504 | _aIncludes bibliographical references: p. 268-283. | ||
| 520 | _aPostbellum economic change in the United States required an efficient system by which capital could be transferred to areas where it was relatively scarce. In assessing the structure that evolved to meet this need, John James provides a new and convincing explanation of the forces underlying the integration of separate and local money markets to form a national market. To understand the role of financial markets during the period, the author examines the institutions and operations of the banking system in detail. In contrast to the now-prevailing view among scholars, Professor James finds that the banking system was quite adaptable in responding to institutional constraints, and he focuses in particular on the role of the correspondent banking system. The second part of his book assesses the performance of the market and the forces promoting change during the period. Drawing on a new and more carefully derived set of interest rates, the author tests competing hypotheses to explain integration and advances a more satisfactory alternative theory. He offers the first modern analysis of American financial institutions of the period between the Civil War and the establishment of the Federal Reserve System. In so doing, he adds to our knowledge of the historic role of finance and capital in economic development. | ||
| 590 | _aaia 2/11/17 | ||
| 591 | _aLoans | ||
| 600 | _aFinance -- United States -- History; | ||
| 650 | 0 | _aFinancial institutions — United States — History. | |
| 650 | 0 | _aBanks and banking — United States — History. | |
| 650 | 0 | _aCapital — United States — History. | |
| 650 | 0 | _aSaving and investment — United States — History. | |
| 651 | _aUnited States. | ||
| 856 | 4 | 2 | _uhttp://www.loc.gov/catdir/enhancements/fy1504/77085540-d.html |
| 942 |
_2ddc _cBOOK |
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| 949 | _a332.4 JAM | ||
| 999 |
_c6926 _d6926 |
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