Palgrave Studies in Economic History

From Partisan Banking to Open Access

The Emergence of Free Banking in Early Nineteenth Century Massachusetts

Authors: Lu, Qian

  • Explores how the USA evolved into a modern society in the sense of impersonal rules and open access of organizationsArgues that the USA was not born modern in the sense of competitive economy and polity, shown by early nineteenth-century bankingProvides an explanation of open access banking based on the conceptual framework of intra-elite competition

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eBook $39.99
price for USA (gross)
  • ISBN 978-3-319-67645-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $54.99
price for USA
  • ISBN 978-3-319-67644-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

How did banking in early nineteenth-century Massachusetts evolve? Lu provides a compelling narrative about the connection between inclusive political systems and open access economies, hypothesizing that entry into banking was firstly made upon partisan grounds before later becoming open access/free entry. Lu investigates state level institutional change and studies the transition to open access from an economic perspective. What was the relationship between banking and political elites? Why were elites, who enjoyed privileges under dominant institutions, willing to dissolve these institutions and eliminate their privileges? The author provides new insights into American economic history, explaining how a society moves from limited access to one of openness.

About the authors

Qian Lu is Assistant Professor at the School of Economics, Central University of Finance and Economics in Beijing, China.

Table of contents (7 chapters)

  • Was the US Born Modern?

    Lu, Qian

    Pages 1-13

  • The History of Partisan Banking

    Lu, Qian

    Pages 15-42

  • Empirical Studies on Bankers, Legislators, and Political Parties, 1790–1859

    Lu, Qian

    Pages 43-84

  • Empirical Studies on Political Connection of Suffolk Legislators, 1790–1859

    Lu, Qian

    Pages 85-91

  • Empirical Studies on Bankers’ Wealth and Bank Balance Sheets

    Lu, Qian

    Pages 93-156

Buy this book

eBook $39.99
price for USA (gross)
  • ISBN 978-3-319-67645-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $54.99
price for USA
  • ISBN 978-3-319-67644-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
From Partisan Banking to Open Access
Book Subtitle
The Emergence of Free Banking in Early Nineteenth Century Massachusetts
Authors
Series Title
Palgrave Studies in Economic History
Copyright
2017
Publisher
Palgrave Pivot
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-67645-6
DOI
10.1007/978-3-319-67645-6
Hardcover ISBN
978-3-319-67644-9
Edition Number
1
Number of Pages
XXVIII, 189
Number of Illustrations and Tables
2 b/w illustrations, 45 illustrations in colour
Topics