Defaulted Debts of the Southern States of the United States of America
Author | : Corporation of Foreign Bondholders (Great Britain) |
Publisher | : |
Total Pages | : 44 |
Release | : 1927 |
Genre | : Debts, Public |
ISBN | : |
Download Defaulted Debts Of The Southern States Of The United States Of America full books in PDF, epub, and Kindle. Read online free Defaulted Debts Of The Southern States Of The United States Of America ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Corporation of Foreign Bondholders (Great Britain) |
Publisher | : |
Total Pages | : 44 |
Release | : 1927 |
Genre | : Debts, Public |
ISBN | : |
Author | : Corporation of Foreign Bondholders, London |
Publisher | : |
Total Pages | : 36 |
Release | : 1927 |
Genre | : Repudiation (of debts) |
ISBN | : |
Author | : Corporation of Foreign Bondholders (Great Britain) |
Publisher | : |
Total Pages | : 32 |
Release | : 1925 |
Genre | : Debts, Public |
ISBN | : |
Author | : Benjamin Ulysses Ratchford |
Publisher | : |
Total Pages | : 668 |
Release | : 1941 |
Genre | : Debts, Public |
ISBN | : |
Author | : William Amasa Scott |
Publisher | : |
Total Pages | : 392 |
Release | : 1893 |
Genre | : Business & Economics |
ISBN | : |
Author | : John Joseph Wallis |
Publisher | : |
Total Pages | : 48 |
Release | : 2004 |
Genre | : |
ISBN | : |
In 1841 and 1842, eight states and the Territory of Florida defaulted on their sovereign debts. Traditional histories of the default crisis have stressed the causal role of the depression that began with the Panic of 1837, unexpected revenue shortfalls from canal and bank investments as a result of the depression, and an unwillingness of states to raise tax rates. This paper shows that none of these stylized facts fits the experience of states at all well. The majority of state debts in default in 1842 were contracted after the Panic of 1837; most states did not expect canal investments to return substantial revenues by 1841 and so could not experience unexpected shortfalls in those revenues; and, finally, most states were willing to raise tax rates substantially. The relationship between land sales and land values explains much of the timing of state borrowing and the default experience of western and southern states. Pennsylvania and Maryland defaulted because they postponed the imposition of a state property tax until it was too late.
Author | : Appleton Oaksmith |
Publisher | : Palala Press |
Total Pages | : 24 |
Release | : 2016-04-27 |
Genre | : |
ISBN | : 9781354790236 |
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.