The challenge of credit supply : american problems and solutions 1650-1950 / Michael Anthony Kirsch.

Format:

Book

Author/Creator:

Kirsch, Michael Anthony, author.

Series:

Vernon Series in Economic History

Language:

English

Subjects (All):

Banks and banking--United States--History.

Banks and banking.

Physical Description:

1 online resource (245 p.)

Edition:

1st ed.

Place of Publication:

Wilmington, Delaware : Vernon Press, 2016.

Summary:

This book is for anyone seeking a succinct and accessible treatment of the most pivotal financial and monetary policies throughout American history from 1650-1950. But it is especially written for those who desire an intricate and detailed knowledge of how and why these policies worked with respect to the supply of adequate credit for economic development. A thorough examination of key credit institutions and their specific powers, functions, mechanisms, context, and economic impact brings the reader to a recognition of which policies and institutions were successful and unsuccessful in suppor

Contents:

Cover

Introduction

Part I Early American Banking and Credit

Chapter 1 The 1687 Bank of Credit and the First Colonial Bills of Credit

Chapter 2 Expanded Uses of Bills of Credit in the 1720s-1760s

Part II The Bank of North America, the Bank of the United States, and the Development of the Funding System

Chapter 3 Designing a Currency with Credit

Chapter 4 The Bank of North America Takes Action

Chapter 5 The 1782-1783 Origins of the Bank-Based Funding System

Chapter 6 The Economic Path to the U.S. Constitution

Chapter 7 The Bank of the United States and the Funded Debt

Part III The Second Bank of the U.S. as an Instrument for Economic Growth

Chapter 8 Currency Disorder and the Finances of Madison's Second Term

Chapter 9 The Bank and the Economic Depression of 1818-1822

Chapter 10 The Bank and the Economic Growth of the 1820s and 1830s

Chapter 11 Confirming the Success of the Bank

Part IV The Return to Currency Management and the Promise of the National Banking System

Chapter 12 The Independent Treasury and State Banking

Chapter 13 The Departure from the State Banking Era

Chapter 14 Banking &amp

Funding Strategy 1863-1865

Part V The Challenges and Problems of the National Banking System

Chapter 15 Circulation Limitation and Other Errors of Implementation 1865-1870

Chapter 16 Speculation and the Crisis of 1873

Chapter 17 Partisan Wrangling and the Decline of National Bank Circulation

Chapter 18 National Bank Difficulties and Financial Crisis 1879-1907

Part VI The Federal Reserve and the Credit Modifications of the 1930s-1940s

Chapter 19 The Federal Reserve System and its Beginnings

Chapter 20 Fed Discount Limitation Problems and the Amendments of 1929 -1933

Chapter 21 Credit Supply Initiatives of 1934-1935

Chapter 22 Fed Lending Powers and Proposals 1939-1950.

Conclusion

Appendices

Appendix I The Causes of Inflation and Increases in the Price of Gold 1862-1865

Appendix II Oversights of the National Banking Acts of 1863 and 1864

Acknowledgements

Notes

Bibliography

Index.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9781622730773

1622730771

OCLC:

957128178