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Book/Printed Material Bank chartering and political corruption in antebellum New York free banking as reform

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Title

  • Bank chartering and political corruption in antebellum New York free banking as reform

Summary

  • "One traditional and oft-repeated explanation of the political impetus behind free banking connects the rise of Jacksonian populism and a rejection of the privileges associated with corporate chartering. A second views free banking as an ill-informed inflationist, pro business response to the financial panic of 1837. This chapter argues that both explanations are lacking. Free banking was the progeny of the corruption associated with bank chartering and reflected social, political and economic backlashes against corruption dating to the late-1810s. Three strands of political thought -- Antimasonic egalitarianism, Jacksonian pragmatism, and pro-business American Whiggism -- converged in the 1830s and led to economic reform. Equality of treatment was the political watchword of the 1830s and free banking was but one manifestation of this broader impulse"--National Bureau of Economic Research web site.

Names

  • Bodenhorn, Howard
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2004.

Headings

  • -  Free banking
  • -  Political corruption--New York (State)--New York

Notes

  • -  Title from PDF file as viewed on 1/12/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005615560

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Bodenhorn, Howard, and National Bureau Of Economic Research. Bank chartering and political corruption in antebellum New York free banking as reform. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. https://www.loc.gov/item/2005615560/.

APA citation style:

Bodenhorn, H. & National Bureau Of Economic Research. (2004) Bank chartering and political corruption in antebellum New York free banking as reform. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://www.loc.gov/item/2005615560/.

MLA citation style:

Bodenhorn, Howard, and National Bureau Of Economic Research. Bank chartering and political corruption in antebellum New York free banking as reform. Cambridge, MA: National Bureau of Economic Research, 2004. Pdf. Retrieved from the Library of Congress, <www.loc.gov/item/2005615560/>.