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The Banks Of New-York: Their Dealers, The Clearing House And The Panic Of 1857

The Banks Of New-York: Their Dealers, The Clearing House And The Panic Of 1857

Paperback

Business GeneralFiction AnthologiesRegional: Middle Atlantic

ISBN10: 1163798606
ISBN13: 9781163798607
Publisher: Kessinger Pub Llc
Published: Sep 10 2010
Pages: 466
Weight: 1.36
Height: 0.94 Width: 6.00 Depth: 9.00
Language: English
The Banks of New-York: Their Dealers, The Clearing House and The Panic of 1857 is a non-fiction book written by J.S. Gibbons. The book explores the history of the banking industry in New York City during the mid-19th century, focusing on the various banks and their dealers. It also delves into the workings of the Clearing House, a financial institution that facilitated the exchange of checks and other financial instruments between banks. The book provides a detailed account of the Panic of 1857, a financial crisis that affected the entire United States and resulted in the failure of numerous banks. Gibbons offers insights into the causes of the panic, including the over-speculation in the railroad industry and the excessive lending practices of the banks. Throughout the book, Gibbons provides a wealth of information about the key players in the banking industry, including the bankers, brokers, and merchants who were involved in the buying and selling of stocks and other financial instruments. The book also includes numerous tables and charts that illustrate the financial data and trends of the time. Overall, The Banks of New-York provides a fascinating glimpse into the world of finance in mid-19th century America, and sheds light on the factors that led to one of the most significant financial crises in the nation's history.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.

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