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Articles 1 - 6 of 6
Full-Text Articles in Arts and Humanities
Caught In The Headlights: Revising The Road Kill Hypothesis Of Antebellum Illinois Bank Failures, Scott N. Clayman, Scott Deacle, Andrew J. Economopoulos
Caught In The Headlights: Revising The Road Kill Hypothesis Of Antebellum Illinois Bank Failures, Scott N. Clayman, Scott Deacle, Andrew J. Economopoulos
Business and Economics Faculty Publications
Illinois had a dismal free banking experience, with over 80% of its free banks failing by the start of the Civil War. Researchers agree that a dramatic change in bond prices was the catalyst, and some have shown that the riskiest banks, ex ante, were the most likely to fail. This study examines how Illinois free banks adjusted their portfolios in the face of increased political and financial risks prior to Abraham Lincoln’s election as president. Lincoln’s nomination in May 1860 and the Democratic Party schism in June 1860 raised the likelihood of secession and the potential for a significant …
Did Antebellum Illinois Free Banks Take Undue Risk With Their Bond Portfolios?: An Analysis Of Decision-Making Prior To The Civil War, Scott N. Clayman
Did Antebellum Illinois Free Banks Take Undue Risk With Their Bond Portfolios?: An Analysis Of Decision-Making Prior To The Civil War, Scott N. Clayman
Business and Economics Honors Papers
Free banks in Illinois could issue bank notes backed by state or U.S. bond collateral. A decline in bond prices as the Civil War approached resulted in banks being unable to redeem their noteholders in gold specie and subsequently resulted in bank failures. Previously economic historians believed that failures of free banks were due to wildcat banking rather than the portfolio allocation of free banks. Over time, other researchers have found that banks that took greater ex ante risk prior to the failure were more likely to fail. There were other price declines during the 1850s, in particular the Panic …
Finding Historic Indiana Documents In An Online Environment: Civil War Era And Later 19th Century, Bert Chapman
Finding Historic Indiana Documents In An Online Environment: Civil War Era And Later 19th Century, Bert Chapman
Libraries Research Publications
This presentation provides information on digitally accessing historic Indiana State and U.S. Government documents from the latter half of the 19th century. Examples of these resources include the periodical Indiana Farmer, Indiana Civil War Governor Oliver Morton's telegraph books, the Official Records of the War of the Rebellion, Indiana Adjutant General Reports, and the Brevier Indiana Law Reports covering Indiana General Assembly proceedings. These collections have been digitized by various Indiana libraries including Purdue University, IUPUI, and Indiana University. Accessing these primary source materials will enable users to gain augmented understanding ot the economic, military, and political issues facing Indiana …
The Ports Of Secession: The Economics Of Florida Ports In The Secession Crisis, Michael P. Robbins
The Ports Of Secession: The Economics Of Florida Ports In The Secession Crisis, Michael P. Robbins
Master of Liberal Studies Theses
The root of large-scale human conflict is the protection of economic interests. The economic motivations for the South to secede clashed with the interests of the North in preserving the trade relationships that existed. In choosing the path that led to conflict over peace, decision-makers leaned towards what they believed would be most profitable on the margins. The financial viability of a southern Confederacy was contingent upon the successful separation of Gulf states from the Union. The economic interests generated by Florida's Gulf ports provided a strong incentive for the state to secede, for the emerging Confederacy to support that …
Slavery, Economics And Constitutional Ideals, Edward L. Ayers
Slavery, Economics And Constitutional Ideals, Edward L. Ayers
History Faculty Publications
As we think about endings, however, it is also useful to think about beginnings. That is what President Abraham Lincoln did in his Second Inaugural Address, delivered just five weeks before the surrender at Appomattox and his own assassination soon thereafter. All knew, he said reflecting sadly and thoughtfully on how the Civil War came about, that slavery was, "somehow," the cause. In fact, "somehow," however, lay puzzles, contradictions, and questions. The connections between slavery and the Civil War have concerned Americans ever since the events at Appomattox.
George W. Randolph, Confederate Secretary Of War, Writes To An Unidentifed Cotton Manufacturer, June 1862., George Wythe Randolph
George W. Randolph, Confederate Secretary Of War, Writes To An Unidentifed Cotton Manufacturer, June 1862., George Wythe Randolph
Broadus R. Littlejohn, Jr. Manuscript and Ephemera Collection
Randolph writes to an unidentified cottton manufacturer that he has been informed that "exhorbitant" prices are being charged for certain goods. Randolph also requests that his correspondent reply to him what quantity and what price such goods can be furnished at the time of writing and over the subsequent 30, 60, and 90 days at various points throughout the Southern rail system. Randolph further adds that "cotton manufacturers must not ex[ect to sell their goods at unreasonable prices[....]while other classes are suffering[.]"