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/ |
