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A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building - Community Reviews back

by Howard Bodenhorn
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DanAllosso rated it 10 years ago
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...
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