A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building
Publish date: October 30th 2009
Publisher: Cambridge University Press
Pages no: 284
Edition language: English
Series: Studies in Macroeconomic History
Bodenhorn says “by 1820...banks became better known, more reputable, more established, and therefore more trusted,” presumably convincing more people (whether as shareholders or depositors) to put their money in banks. This is capital deepening, a supply-side argument: growth happened when banks be...