Banking Panics of the Gilded Age
by
Elmus Wicker
Book Details
Format
Paperback / Softback
Book Series
Studies in Macroeconomic History
ISBN-10
0521025478
ISBN-13
9780521025478
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 30th, 2006
Print length
180 Pages
Weight
274 grams
Dimensions
22.90 x 15.20 x 1.00 cms
Product Classification:
MacroeconomicsEconomic historyBanking
Ksh 4,050.00
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This was the first major study of post-Civil War banking panics in almost a century. The author re-evaluates the role of the New York Clearing House, concluding that structural defects of the National Banking Act were not the primary cause of the panics.
This was the first major study of post-Civil War banking panics in almost a century. The author has constructed estimates of bank closures and their incidence in each of the five separate banking disturbances. The book takes a novel approach by reconstructing the course of banking panics in the interior, where suspension of cash payment, not bank closures, was the primary effect of banking panics on the average person. The author also re-evaluates the role of the New York Clearing House in forestalling several panics and explains why it failed to do so in 1893 and 1907, concluding that structural defects of the National Banking Act were not the primary cause of the panics.
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