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Cataloged Resource Summary

 

Title

Origins of Commercial Banking in the United States, 1781-1830

Author

Robert E. Wrigh

Categories

Economic History
Industrial Organization
Macroeconomics and Monetary Economics

Type

Article

Description

Early U.S. commercial banks were for-profit business firms, usually structured as joint-stock companies. As financial intermediaries, commercial banks pooled the wealth of a large number of savers and lent fractions of that pool to a diverse group of enterprising business firms.

URL

http://www.eh.net/encyclopedia/?article=wright.banking.commercial.origins

Home URL

http://www.eh.net/
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