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Description - Banking Panics of the Gilded Age by Elmus R. Wicker

This was the first major study of post-Civil War banking panics in almost a century. The author has constructed estimates of bank closures and their incidence in each of the five separate banking disturbances. The book takes a novel approach by reconstructing the course of banking panics in the interior, where suspension of cash payment, not bank closures, was the primary effect of banking panics on the average person. The author also re-evaluates the role of the New York Clearing House in forestalling several panics and explains why it failed to do so in 1893 and 1907, concluding that structural defects of the National Banking Act were not the primary cause of the panics.

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Book Details

ISBN: 9780521025478
ISBN-10: 0521025478
Format: Paperback
(228mm x 152mm x 11mm)
Pages: 180
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Mar-2006
Country of Publication: United Kingdom

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Books By Elmus R. Wicker

Banking Panics of the Great Depression by Elmus R. Wicker
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Banking Panics of the Gilded Age by Elmus R. Wicker
Hardback, September 2000
$153.00