Download or read book History of the Philadelphia National Bank written by Nicholas B. Wainwright and published by . This book was released on 1953 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Federal Reserve Act of 1913 written by Virginius Gilmore Iden and published by . This book was released on 1914 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book History of the Philadelphia Stock Exchange Banks and Banking Interests written by Andrew Wallace Barnes and published by . This book was released on 1911 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Constitutionality of a National Bank written by Alexander Hamilton and published by Coventry House Publishing. This book was released on 2016-12-10 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1791, The First Bank of the United States was a financial innovation proposed and supported by Alexander Hamilton, the first Secretary of the Treasury. Establishment of the bank was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes. Hamilton believed that a national bank was necessary to stabilize and improve the nation's credit, and to improve financial order, clarity, and precedence of the United States government under the newly enacted Constitution. Alexander Hamilton (1755-1804) was a founding father of the United States, one of the most influential interpreters and promoters of the Constitution, the founder of the American financial system, and the founder of the Federalist Party. As the first Secretary of the Treasury, Hamilton was the primary author of the economic policies for George Washington’s administration. Hamilton took the lead in the funding of the states’ debts by the federal government, the establishment of a national bank, and forming friendly trade relations with Britain. He led the Federalist Party, created largely in support of his views; he was opposed by the Democratic Republican Party, led by Thomas Jefferson and James Madison, which despised Britain and feared that Hamilton’s policies of a strong central government would weaken the American commitment to Republicanism.
Download or read book Financial Founding Fathers written by Robert E. Wright and published by University of Chicago Press. This book was released on 2006-05 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors chronicle how a different group of nine founding fathers forged the wealth and institutions necessary to transform the American colonies from a diffuse alliance of contending business interests into one cohesive economic superpower.
Download or read book The First Wall Street written by Robert E. Wright and published by University of Chicago Press. This book was released on 2010-04-15 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Americans think of investment and finance, they think of Wall Street—though this was not always the case. During the dawn of the Republic, Philadelphia was the center of American finance. The first stock exchange in the nation was founded there in 1790, and around it the bustling thoroughfare known as Chestnut Street was home to the nation's most powerful financial institutions. The First Wall Street recounts the fascinating history of Chestnut Street and its forgotten role in the birth of American finance. According to Robert E. Wright, Philadelphia, known for its cultivation of liberty and freedom, blossomed into a financial epicenter during the nation's colonial period. The continent's most prodigious minds and talented financiers flocked to Philly in droves, and by the eve of the Revolution, the Quaker City was the most financially sophisticated region in North America. The First Wall Street reveals how the city played a leading role in the financing of the American Revolution and emerged from that titanic struggle with not just the wealth it forged in the crucible of war, but an invaluable amount of human capital as well. This capital helped make Philadelphia home to the Bank of the United States, the U.S. Mint, an active securities exchange, and several banks and insurance companies—all clustered in or around Chestnut Street. But as the decades passed, financial institutions were lured to New York, and by the late 1820s only the powerful Second Bank of the United States upheld Philadelphia's financial stature. But when Andrew Jackson vetoed its charter, he sealed the fate of Chestnut Street forever—and of Wall Street too. Finely nuanced and elegantly written, The First Wall Street will appeal to anyone interested in the history of the United States and the origins of its unrivaled economy.
Download or read book A Brief History of Panics and Their Periodical Occurrence in the United States written by Clément Juglar and published by . This book was released on 1897 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book First City written by Gary B. Nash and published by University of Pennsylvania Press. This book was released on 2006-04-05 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covering more than two centuries of social, economic, and political change, and offering a challenging, innovative approach to urban as well national history, First City tells the Philadelphia story through the wealth of material culture its citizens have chosen to preserve.
Download or read book Bank Notes and Shinplasters written by Joshua R. Greenberg and published by University of Pennsylvania Press. This book was released on 2020-07-10 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The colorful history of paper money before the Civil War Before Civil War greenbacks and a national bank network established a uniform federal currency in the United States, the proliferation of loosely regulated banks saturated the early American republic with upwards of 10,000 unique and legal bank notes. This number does not even include the plethora of counterfeit bills and the countless shinplasters of questionable legality issued by unregulated merchants, firms, and municipalities. Adding to the chaos was the idiosyncratic method for negotiating their value, an often manipulative face-to-face discussion consciously separated from any haggling over the price of the work, goods, or services for sale. In Bank Notes and Shinplasters, Joshua R. Greenberg shows how ordinary Americans accumulated and wielded the financial knowledge required to navigate interpersonal bank note transactions. Locating evidence of Americans grappling with their money in fiction, correspondence, newspapers, printed ephemera, government documents, legal cases, and even on the money itself, Greenberg argues Americans, by necessity, developed the ability to analyze the value of paper financial instruments, assess the strength of banking institutions, and even track legislative changes that might alter the rules of currency circulation. In his examination of the doodles, calculations, political screeds, and commercial stamps that ended up on bank bills, he connects the material culture of cash to financial, political, and intellectual history. The book demonstrates that the shift from state-regulated banks and private shinplaster producers to federally authorized paper money in the Civil War era led to the erasure of the skill, knowledge, and lived experience with banking that informed debates over economic policy. The end result, Greenberg writes, has been a diminished public understanding of how currency and the financial sector operate in our contemporary era, from the 2008 recession to the rise of Bitcoin.
Download or read book American Public Finance and Financial Services 1700 1815 written by Edwin J. Perkins and published by . This book was released on 1994 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Edwin Perkins's examination of the development of financial services in North America is the first study to focus on the colonial, confederation, and early national eras, highlighting both the continuities of the colonial past and the sweeping institutional innovations after American independence." "Perkins analyzes virtually every major financial service - the issuance of paper monies, the rise of capital markets to support the trading of stocks and bonds, the emergence of insurance underwriters to cover fire damage on domestic structures and marine losses, and other related activities. He also examines the major political controversies surrounding the American financial system, including the contest between Hamiltonians and Jeffersonians. Perkins argues that the financial services sector was quite sophisticated well before the revolutionary advances in transportation and industry that occurred between the War of 1812 and the Civil War. Moreover, he contends that the maturation of the financial services sector came early, laying a solid base for advancement in other economic sectors after 1815." "An essential work for business and economic historians, as well as specialists in the colonial and early national eras, American Public Finance and Financial Services will enlighten all those interested in better understanding the development of the American economy."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Download or read book Banks and Politics in America from the Revolution to the Civil War written by Bray Hammond and published by Princeton University Press. This book was released on 1991 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book about politics and banks and history. Yet politicians who read it will see that the author is not a politician, bankers who read it will see that he is not a banker, and historians that he is not an historian. Economists will see that he is not an economist and lawyers that he is not a lawyer. With this rather cryptic and exhaustive disclaimer, Bray Hammond began his classic investigation into the role of banking in the formation of American society. Hammond, who was assistant secretary of the Board of Governors of the Federal Reserve System from 1944 to 1950, presented in this 771-page book the definitive account of how banking evolved in the United States in the context of the nation's political and social development. Hammond combined political with financial analysis, highlighting not only the in.uence politicians exercised over banking but also how banking drove political interests and created political coalitions. He captured the entrepreneurial, expansive, risk-taking spirit of the United States from earliest days and then showed how that spirit sometimes undermined sound banking institutions. In Hammond's view, we need central banks to keep the economy on an even keel. Historian Richard Sylla judged the work to be "a wry and urbane study of early U.S. financial history, but also a timeless essay on how Americans became what they are." Banks and Politics in America won the Pulitzer Prize for history in 1958.
Download or read book Monopoly and Competition in Banking written by David A. Alhadeff and published by Univ of California Press. This book was released on 2023-11-10 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1954.
Download or read book The Origins and Economic Impact of the First Bank of the United States 1791 1797 written by David Jack Cowen and published by Routledge. This book was released on 2000 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the impact of the introduction of the First Bank of the United States (1791-1811) on the nascent financial system. The Bank dominated the financial scene of early America. Its prestigious list of clients included the United States Treasury, which deposited the bulk of the nation's money in the vaults of the Bank in return for various banking services. The stage is set by describing the background events of 1791: Treasury Secretary Hamilton's Bank Report and Congress's reaction, the script bubble for Bank shares, and the choosing of board members and their decision to create nationwide branches. The Bank's headquarters commenced business on December 12, 1791. New evidence shows how the Bank strongly affected the economy within two months of opening its doors, initially by flooding the market with its paper and then by sharply reversing course and curtailing liquidity. While the added liquidity helped initially to push a bull market in securities higher, the subsequent draincaused the Panic of 1792 by forcing speculators to sell their stocks. The role of early central banking is discussed in light of the Panic, the Bank, and the U.S. Treasury Department. Evidence is presented that points to a new interpretation: the Treasury Secretaries played the role of the Central Banker and the Bank acted the part of the Central Bank. There was continuity in the mindsets, dialogues and actions of the Treasury Secretaries, leading to a conclusion that early U.S. financial policy makers developed an operational central banking thought and procedures during the era of the First Bank. The financial implications of Bank policy on several historical events during the 1790's are examined. By focusing on specific times when the board directed a change in loan policy, new conclusions are drawn with respect to the Bank's impact on the credit markets and its central banking role. This book adds clarity to the ongoing historical debates about the behavior of the early U.S. economy and its creditmarkets by examining the institution which was at the center of the American business world at that time.
Download or read book The Origins History and Future of the Federal Reserve written by Michael D. Bordo and published by Cambridge University Press. This book was released on 2013-03-25 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays from the 2010 centenary conference of the 1910 Jekyll Island meeting of American financiers and the US Treasury.
Download or read book A History of Central Banking and the Enslavement of Mankind written by Stephen Mitford Goodson and published by Black House Publishing. This book was released on 2017-04 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: A History of Central Banking and the Enslavement of Mankind describes the role of banking and money in history from ancient times to the present.
Download or read book Pennsylvania A History written by Thomas C. Cochran and published by W. W. Norton & Company. This book was released on 1978-03-17 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who would have guessed, three centuries ago, that William Penn's "greene" province and "countrie towne" on the Delaware would become the keystone of American industrialization and the source of some of the nation's most important business institutions? Penn's colony was a haven of toleration for people of many origins and beliefs; later, the state of Pennsylvania was a place where human talents and natural resources converged to make possible an affluent industrial society. Both the freedom and the wealth are treasured legacies of the state to the nation.
Download or read book The Financier written by and published by . This book was released on 1901 with total page 2500 pages. Available in PDF, EPUB and Kindle. Book excerpt:
