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DanAllosso

DanAllosso

Currently reading

400 Years Of Freethought
Samuel Porter Putnam
Thomas Jefferson: The Art of Power
Jon Meacham
Fairy Tales from the Brothers Grimm: A New English Version
Philip Pullman, Jacob Grimm
Doubt: A History: The Great Doubters and Their Legacy of Innovation from Socrates and Jesus to Thomas Jefferson and Emily Dickinson
Jennifer Michael Hecht
The Kingdom of Matthias: A Story of Sex and Salvation in 19th-Century America
Paul E. Johnson, Sean Wilentz

A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building (Studies in Macroeconomic History)

A History of Banking in Antebellum America: Financial Markets and Economic Development in an Era of Nation-Building - Howard Bodenhorn 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 began to accumulate enough money to lend to industrialists or invest. There’s so little written about banking since Bray Hammond, this is a must-read.