Download E-books Banking Panics of the Gilded Age (Studies in Macroeconomic History) PDF

By Elmus Wicker

This can be the 1st significant examine of post-Civil battle banking panics in virtually a century. the writer has developed for the 1st time estimates of financial institution closures and their prevalence in all of the 5 separate banking disturbances. the writer additionally reevaluates the function of the hot York Clearing condominium in forestalling numerous panics and explains why it did not accomplish that in 1893 and 1907, concluding that structural defects of the nationwide Banking Act weren't the first reason for the panics.

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