The Maze of Banking

The Maze of Banking
Author: Gary Gorton
Publisher: Oxford University Press, USA
Total Pages: 690
Release: 2015
Genre: Business & Economics
ISBN: 0190204834

Financial crises must be studied in the context of history. The Maze of Banking is a collection of academic papers by Gary Gorton---an expert on the financial crisis of 2007-2008---on the history and analysis of banks, banking, and financial crises spanning the past 175 years. These papers provide the framework for understanding how the financial crisis of 2007-2008 developed and what can be done to promote a stabile banking industry and prevent future economic crises.

A Nation of Counterfeiters

A Nation of Counterfeiters
Author: Stephen Mihm
Publisher: Harvard University Press
Total Pages: 470
Release: 2009-06-30
Genre: History
ISBN: 0674041011

Prior to the Civil War, the United States did not have a single, national currency. Counterfeiters flourished amid this anarchy, putting vast quantities of bogus bills into circulation. Their success, Mihm reveals, is more than an entertaining tale of criminal enterprise: it is the story of the rise of a country defined by freewheeling capitalism and little government control. Mihm shows how eventually the older monetary system was dismantled, along with the counterfeit economy it sustained.

Bank Notes and Shinplasters

Bank Notes and Shinplasters
Author: Joshua R. Greenberg
Publisher: University of Pennsylvania Press
Total Pages: 257
Release: 2020-07-10
Genre: History
ISBN: 0812297148

The colorful history of paper money before the Civil War Before Civil War greenbacks and a national bank network established a uniform federal currency in the United States, the proliferation of loosely regulated banks saturated the early American republic with upwards of 10,000 unique and legal bank notes. This number does not even include the plethora of counterfeit bills and the countless shinplasters of questionable legality issued by unregulated merchants, firms, and municipalities. Adding to the chaos was the idiosyncratic method for negotiating their value, an often manipulative face-to-face discussion consciously separated from any haggling over the price of the work, goods, or services for sale. In Bank Notes and Shinplasters, Joshua R. Greenberg shows how ordinary Americans accumulated and wielded the financial knowledge required to navigate interpersonal bank note transactions. Locating evidence of Americans grappling with their money in fiction, correspondence, newspapers, printed ephemera, government documents, legal cases, and even on the money itself, Greenberg argues Americans, by necessity, developed the ability to analyze the value of paper financial instruments, assess the strength of banking institutions, and even track legislative changes that might alter the rules of currency circulation. In his examination of the doodles, calculations, political screeds, and commercial stamps that ended up on bank bills, he connects the material culture of cash to financial, political, and intellectual history. The book demonstrates that the shift from state-regulated banks and private shinplaster producers to federally authorized paper money in the Civil War era led to the erasure of the skill, knowledge, and lived experience with banking that informed debates over economic policy. The end result, Greenberg writes, has been a diminished public understanding of how currency and the financial sector operate in our contemporary era, from the 2008 recession to the rise of Bitcoin.

Greenback

Greenback
Author: Jason Goodwin
Publisher: Macmillan
Total Pages: 340
Release: 2004
Genre: Business & Economics
ISBN: 9780312422127

With the wry and admiring eye of a modern Tocqueville, Jason Goodwin gives us a biography of the dollar and the story of its astonishing career through the wilds of American history. Looking at the dollar over the years as a form of art, a kind of advertising, and a reflection of American attitudes, Goodwin delves into folklore and the development of printing, investigates wildcats and counterfeiters, explains why a buck is a buck and how Dixie got its name. Bringing together an array of quirky detail and often hilarious anecdote, Goodwin tells the story of America through its most beloved product.

The Encyclopedia of Money

The Encyclopedia of Money
Author: Larry Allen
Publisher: Bloomsbury Publishing USA
Total Pages: 545
Release: 2009-10-15
Genre: Business & Economics
ISBN: 1598842528

A comprehensive introductory resource with entries covering the development of money and the functions and dysfunctions of the monetary and financial system. The original edition of The Encyclopedia of Money won widespread acclaim for explaining the function—and dysfunction—of the financial system in a language any reader could understand. Now a decade later, with a more globally integrated, market-oriented world, and with consumers trying to make sense of subprime mortgages, credit default swaps, and bank stress tests, the Encyclopedia returns in an expanded new edition. From the development of metal and paper currency to the ongoing global economic crisis, the rigorously updated The Encyclopedia of Money, Second Edition is the most authoritative, comprehensive resource on the fundamentals of money and finance available. Its 350 alphabetically organized entries—85 completely new to this edition—help readers make sense of a wide range of events, policies, and regulations by explaining their historical, political, and theoretical contexts. The new edition focuses most intently on the last two decades, highlighting the connections between the onrush of globalization, the surging stock market, and various monetary and fiscal crises of the 1990s, as well as developments, scandals, and pocketbook issues making headlines today.

City Reading

City Reading
Author: David M. Henkin
Publisher: Columbia University Press
Total Pages: 266
Release: 1998
Genre: History
ISBN: 9780231107457

Henkin explores the influential but little-noticed role reading played in New York City's public life between 1825 and 1865. The "ubiquitous urban texts"--from newspapers to paper money, from street signs to handbills--became both indispensable urban guides and apt symbols for a new kind of public life that emerged first in New York.

Southern Scoundrels

Southern Scoundrels
Author: Jeff Forret
Publisher: LSU Press
Total Pages: 264
Release: 2021-04-21
Genre: History
ISBN: 080717534X

The history of capitalist development in the United States is long, uneven, and overwhelmingly focused on the North. Macroeconomic studies of the South have primarily emphasized the role of the cotton economy in global trading networks. Until now, few in-depth scholarly works have attempted to explain how capitalism in the South took root and functioned in all of its diverse—and duplicitous—forms. Southern Scoundrels explores the lesser-known aspects of the emergence of capitalism in the region: the shady and unscrupulous peddlers, preachers, slave traders, war profiteers, thieves, and marginal men who seized available opportunities to get ahead and, in doing so, left their mark on the southern economy. Eschewing conventional economic theory, this volume features narrative storytelling as engaging and seductive as the cast of shifty characters under examination. Contributors cover the chronological sweep of the nineteenth-century South, from the antebellum era through the tumultuous and chaotic Civil War years, and into Reconstruction and beyond. The geographic scope is equally broad, with essays encompassing the Chesapeake, South Carolina, the Lower Mississippi Valley, Texas, Missouri, and Appalachia. These essays offer a series of social histories on the nineteenth-century southern economy and the changes wrought by capitalist transformation. Tracing that story through the kinds of oily individuals who made it happen, Southern Scoundrels provides fascinating insights into the region’s hucksters and its history. Contents Introduction, Jeff Forret and Bruce E. Baker “Preachers and Peddlers: Credit and Belief in the Flush Times,” John Lindbeck “A Gentleman and a Scoundrel? Alexander McDonald, Financial Reputation, and Slavery’s Capitalism,” Alexandra J. Finley “‘How Deeply They Weed into the Pockets’: Slave Traders, Bank Speculators, and the Anatomy of a Chesapeake Wildcat, 1840–1843,” Jeff Forret “Bernard Kendig: Orchestrating Fraud in the Market and the Courtroom,” Maria R. Montalvo “William A. Britton v. Benjamin F. Butler: Occupied New Orleans, Confiscation, and the Disruption of the Cotton Trade in Wartime Natchez,” Jeff Strickland “Devils at the Doorstep: Confederate Judges, Masters of Sequestration,” Rodney J. Steward “‘Irresistibly Impelled toward Illegal Appropriation’: The Civil War Schemes of William G. Cheeney,” Jimmy L. Bryan, Jr. “Das Kapital on Tchoupitoulas Street: The Marketing of Stolen Goods and the Reserve Army of Labor in Reconstruction-Era New Orleans,” Bruce E. Baker “The Violent Lives of William Faucett,” Elaine S. Frantz “Eureka! Law and Order for Sale in Gilded Age Appalachia,” T. R. C. Hutton