Banking in Colonial America: A Comment on Perkins
Posted: 25 Apr 2017
Date Written: November 11, 1996
Abstract
This is an unpublished comment on a Perkin's paper that surveyed banking in colonial America. It argues that historians have overlooked a number of abortive banking schemes in the colonies, implying that the absence of banks was not an "entrepreneurial failure." and that the extension of the bubble act to the colonies was more important than Perkins acknowledges.
Keywords: Colonial, Money, Banks, Monetary, History, Banking, Bubble Act
JEL Classification: N110, N210, N410, E590
Suggested Citation: Suggested Citation
Michener, Ronald W., Banking in Colonial America: A Comment on Perkins (November 11, 1996). Available at SSRN: https://ssrn.com/abstract=2957823
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