Last edited by Dabar
Tuesday, July 21, 2020 | History

5 edition of Banking Panics of the Gilded Age (Studies in Macroeconomic History) found in the catalog.

Banking Panics of the Gilded Age (Studies in Macroeconomic History)

by Elmus Wicker

  • 367 Want to read
  • 40 Currently reading

Published by Cambridge University Press .
Written in English

    Subjects:
  • Banking,
  • Macroeconomics,
  • History - U.S.,
  • Economics - Macroeconomics,
  • Business & Economics,
  • United States - 19th Century/Gilded Age,
  • History - General History,
  • Business/Economics,
  • History,
  • Financial crises,
  • Banks & Banking,
  • Economic History,
  • Banks and banking--United States--History,
  • Business & Economics / Macroeconomics,
  • Banks and banking,
  • United States,
  • Bank failures

  • The Physical Object
    FormatHardcover
    Number of Pages178
    ID Numbers
    Open LibraryOL7752838M
    ISBN 100521770238
    ISBN 109780521770231

    And each of their governments had to act to bail out their own banks, without a consistent international regulatory framework. In this volume, Fred Betz takes a unique, cross-disciplinary approach to understanding bank panics, with an emphasis on the U.S. Bank Panics of , , , and the European Bank Panics of   Understanding the Bank Panic of The Bank Panic of occurred during a six-week stretch, starting in October The trigger was bankruptcy of two minor brokerage firms.

    During the National Banking era () episodes of banking panics were accompanied by money market stringency, a stock market collapse, loan and deposit contractions, runs on banks, bank failures, the issue of Clearing House certificates, and in the case of the three major banking panics the partial suspension of cash payment.   Banking Panics in the Gilded Age Banking Panics in the Gilded Age Capie, Forrest By Elmus Wicker. Cambridge University Press. xvii+ pp. £ It is widely known that in the Great Depression in the United States between and around 40% of all banks failed, i.e. ab banks.

    The author also reevaluates the role of the New York Clearing House in forestalling several panics and explains why it failed to do so in and , concluding that structural defects of the National Banking Act were not the primary cause of the panics. In , after a major British bank failure, a run on U.S. gold reserves, and a late-June stock-market crash, America was in the throes of a serious economic depression. Unemployment rose, foreclosures climbed, and popular unrest mounted. By the following spring, businessman and Populist agitator Jacob S. Coxey was fed up with government inactivity in the face of the crisis.


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Banking Panics of the Gilded Age (Studies in Macroeconomic History) by Elmus Wicker Download PDF EPUB FB2

"Elmus Wicker's fascinating new book on banking panics is an imaginative investigation." (March) "Banking Panics of the Gilded Age enhances our understanding of the crucial developments leading to the creation of our central bank and financial future this book does make an important contribution to our understanding of U.S.

banking by: Andrew Jalil, “A New History of Banking Panics in the United States, Construction and Implications,” 2. Charles Hoffman, The Depression of the Nineties, Elmus Wicker, Banking Panics of the Gilded Age,   Banking Panics of the Gilded Age book.

Read reviews from world’s largest community for readers. This is the first major study of post-Civil War banking p /5.

Elmus Wicker, Banking Panics of the Gilded Age. New York: Cambridge University Press, xvii + pp. $ (cloth), ISBN: Reviewed for by Frank Steindl, Department of Economics, Oklahoma State University.

The banking panic of was unique among pre–World War I financial disturbances: Its origin was in the interior, primarily in the transappalachian West rather than New York City.

It therefore bears a closer resemblance to the banking panics of the Great Depression than it does to the banking disturbances of,andwhose Author: Elmus Wicker. This is the first major study of post-Civil War banking panics in almost a century.

The author has constructed for the first time estimates of bank closures and their incidence in each of the five separate banking disturbances. The author also reevaluates the role of the New York Clearing House in forestalling several panics and explains why it failed to do so in andconcluding that.

Banking Panics of the Gilded Age by Elmus R. Wicker,available at Book Depository with free delivery worldwide/5(6). 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.

Buy Banking Panics of the Gilded Age (Studies in Macroeconomic History) by Wicker, Elmus (ISBN: ) from Amazon's Book Store. Everyday low prices and free delivery on eligible : Elmus Wicker.

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 by: Banking Panics of the Gilded Age (Studies in Macroeconomic History series) by Elmus 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. The cross-section of gilded-age stock returns imply investors would have been willing to pay a % annual premium to insure no more than a % deposit loss during banking panics.

View Show abstractAuthor: Forrest Capie. Editorial Reviews "Elmus Wicker's fascinating new book on banking panics is an imaginative investigation." (March) "Banking Panics of the Gilded Age enhances our understanding of the crucial developments leading to the creation of our central bank and financial future this book does make an important contribution to our understanding of U.S.

banking : $ Get this from a library. Banking panics of the Gilded Age. [Elmus Wicker] -- "The author has constructed for the first time estimates of bank closures and their incidence in each of the five separate banking disturbances. The book takes a novel approach by reconstructing the.

Banking Panics of the Gilded Age Banking Panics of the Gilded Age Bodenhorn, Howard R EV I EW S | characterâ depth with a vengeanceâ seemed to rob the genre at last of its exemplary force.

The analytic authority of Casperâ s book derives from the imaginativenessâ and rigorâ with which he executes his design. Banking Panics of the Gilded Age. By Elmus Wicker. New York: Cambridge University Press, Pp.

xvii, $ 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, (March) "Banking Panics of the Gilded Age.

One of the causes for the Panic of can be traced back to Argentina. Investment was encouraged by the Argentine agent bank, Baring r, the wheat crop failure and a coup in Buenos Aires ended further investments.

In addition, speculations also. The Panic of was triggered by the failure of the Ohio Life Insurance and Trust Company, which actually did much of its business as a bank headquartered in New York City.

Reckless speculation in railroads led the company into trouble, and the company’s collapse led to a literal panic in the financial district, as crowds of frantic. The Gilded Age: A Tale of Today was a famous satirical novel by Mark Twain set in the late s, and was its namesake.

During this era, America became more prosperous and saw unprecedented growth. Banking Panics of the Gilded Age PDF By:Elmus Wicker Published on by Cambridge University Press.

This is the first major study of post-Civil War banking panics in almost a century. The author has constructed for the first time estimates of bank closures and their incidence in each of the five separate banking disturbances.Banking Panics of the Gilded Age.

Average Rating: () stars out of 5 stars Write a review. Elmus Wicker. Walmart # $ $ 99 $ $ Book Format. Select Option. Current selection is: Paperback. Book Format: Paperback. Paperback. Qty: Free delivery on $35+ : Elmus Wicker; Wicker Elmus; Michael D Bordo.The term Gilded Age for the period of economic boom after the American Civil War up to the turn of the century was applied to the era by historians in the s, who took the term from one of Mark Twain's lesser known novels, The Gilded Age: A Tale of Today ().

The book (co-written with Charles Dudley Warner) satirized the promised "golden age" after the Civil War, portrayed as an era of.