Jump to ContentJump to Main Navigation
State Banking in Early AmericaA New Economic History$
Users without a subscription are not able to see the full content.

Howard Bodenhorn

Print publication date: 2002

Print ISBN-13: 9780195147766

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0195147766.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 26 May 2019

Banking in the South and West

Banking in the South and West

Banks and the Commonweal

Chapter:
(p.219) 9 Banking in the South and West
Source:
State Banking in Early America
Author(s):

Howard Bodenhorn

Publisher:
Oxford University Press
DOI:10.1093/0195147766.003.0009

Banks in the South and West received large state subsidies, became embroiled in infrastructure projects, and were expected to promote social welfare and the “commonwealth ideal.” In accordance with theories of the connection between financial development and economic growth, southern banks were designed to help late‐developing economies catch up with early developers. These institutions also played a secondary role in that they insulated regional economies from financial panics, extended recessions, and potentially devastating debt‐deflation cycles.

Keywords:   banks, commonwealth ideal, debt‐deflation, economic growth, financial development, financial panic, infrastructure, recession, regional economy, state subsidy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .