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Routledge History of Money - NYC Trust Company Growth Book

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Description

Explore the rapid expansion of New York City's financial sector with this historical study from Routledge. Between 1875 and 1900, trust company assets grew at a compound annual rate of 9.6%, significantly outpacing the 4.1% growth seen in national banks. This volume, part of the Routledge Library Editions: History of Money, Banking and Finance, examines the specific entrepreneurial, economic, and political forces that drove this growth. Originally published in 1986, this book traces how trust companies evolved into well-defined financial intermediaries. It provides a detailed look at the movement that eventually led to the merging of the trust movement with commercial banks. This text is an essential resource for those studying the history of banking and the evolution of financial institutions in the United States.

Key Features

This Routledge publication examines the economic and political forces behind the growth of trust companies in New York City.

The text details how trust company assets grew at a 9.6% compound annual rate between 1875 and 1900.

Part of the Routledge Library Editions: History of Money, Banking and Finance series for specialized historical study.

Provides a historical account of the movement that led to the merging of trust companies with commercial banks.

Analyzes the transition of trust companies into well-defined financial intermediaries during the late 19th century.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
16 August 2017
Listed Since
08 March 2017

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