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New York City Mutual Savings Banks, 1819-1861

New York City Mutual Savings Banks, 1819-1861 by Alan L. Olmstead 0807897434 9780807897430
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ISBN: 0807897434

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These institutions were founded ostensibly for philanthropic purposes--to encourage and reward thrift on the part of societys lower classes. For purposes of analysis, Olmstead formulates an alternative hypothesis. Men organized mutuals for the same reason that impelled their other business ventures--the hope of profit. The author focuses on the internal operations of several banks and the important role they played in financing antebellum development.

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Author: Alan L. Olmstead

Language: English

Binding: Paperback

Pages: 250

Publisher: The University of North Carolina Press

Publication Date: 2011-01-15

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