History Commons^™

Jefferson's Abomination In The Valley: A Study Of The Economic Effects Of The Embargo Of 1807 On Louisville's Frontier Economy, Williams Lewis

Masters Theses & Specialist Projects

This thesis examines the effects of the Embargo of 1807 on Louisville and its surrounding areas. The purpose of this study is to discover if the interior suffered to the same degree as other regions of the country as a result of Thomas Jefferson's trade restrictions. Louisville is the focus area because it is not only representative of the Ohio Valley and the interior but also because it marked the end of civilization and the beginning of the frontier. Distinctions between class, economic status, and occupation between the inhabitants of Jefferson County are also observed. This particular approach leads to …

Distress During The Great Depression: The Illiquidity-Insolvency Debate Revisited, Gary Richardson

Gary Richardson

During the contraction from 1929 to 1933, the Federal Reserve System tracked changes in the status of all banks operating in the United States and determined the cause of each bank suspension. This essay analyzes chronological patterns in aggregate series constructed from that data. The analysis demonstrates both illiquidity and insolvency were substantial sources of bank distress. Periods of heightened distress were correlated with periods of increased illiquidity. Contagion via correspondent networks and bank runs propagated the initial banking panics. As the depression deepened and asset values declined, insolvency loomed as the principal threat to depository institutions.

Deposit Insurance And Moral Hazard: Capital, Risk, Malfeasance, And Mismanagement. A Comment On ‘Deposit Insurance And Moral Hazard: Evidence From Texas Banking During The 1920s, Gary Richardson

Gary Richardson

A Journal of Economic History article by Linda Hooks and Kenneth Robinson, “Deposit Insurance and Moral Hazard: Evidence from Texas Banking During the 1920s,” contains a contradiction (Hooks and Robinson 2002). Pondering the contradiction in the paper reveals insights that the authors may have overlooked. Hooks and Robinson’s article examines the experience of the banking industry in Texas during the 1920s. Texas operated a deposit-insurance system from January 1, 1910 until February 11, 1927. Deposit insurance was mandatory for all state banks, which were given the choice of two plans in which to participate. The preponderance participated in the depositors …

Check Is In The Mail: Correspondent Clearing And The Banking Panics Of The Great Depression, Gary Richardson

Gary Richardson

Weaknesses within the check-clearing system played a hitherto unrecognized role in the banking crises of the Great Depression. Correspondent check-clearing networks were vulnerable to counter-party cascades. Accounting conventions that overstated reserves available to corresponding institutions may have exacerbated the situation. The initial banking panic began when a correspondent network centered in Nashville collapsed, forcing over 100 institutions to suspend operations. As the contraction continued, additional correspondent systems imploded. The vulnerability of correspondent networks is one reason that banks that cleared via correspondents failed at higher rates than other institutions during the Great Depression.

High Noon On The Western Range: A Property Rights Analysis Of The Johnson County War, Doug Wills, Randy Mcferrin

Business Publications

Wyoming's Johnson County War of 1892 is the historical basis of later popular depictions of the West as violent, and it influenced the development of Wyoming. Many see this era as the end of the open range system and the ascendancy of stock ranching and farming. Popular depiction argues that the event was an act of vigilantism of large foreign-owned firms against small individual settlers. We argue that the war was a conflict of property rights systems and use a model developed by Alston, Libecap, and Mueller to explain why violence broke out in Johnson County in 1892.

¿Cuál Geografía?, Shawn Van Ausdal, Claudia Leal, Alejandro Guarín

Shawn Van Ausdal

A review of the conception of geography in two books written by economists: John Gallup, Alejandro Gaviria and Eduardo Lora, América Latina: ¿condenada por su geografía? (Banco Mundial y Alfaomega Colombiana, 2003); and

Santiago Montenegro, Sociedad abierta, geografía y desarrollo (Norma, 2006).

"Free" Religion And "Captive" Schools: Protestants, Catholics, And Education, 1945-1965, Sarah Barringer Gordon

All Faculty Scholarship

No abstract provided.

What Is Ailing The German Economy? A Critical Analysis Of German Social Market Economics, Robert T. Cheek Jr.

Inquiry: The University of Arkansas Undergraduate Research Journal

This paper offers a narrative historical description of the German Social Market Economy, from its inception following World War II, up to the recent Agenda 2010 reforms enacted under the administration of Chancellor Gerhard Schroder. It is the purpose of this work to explore why the German Social Market System enjoyed such a high degree of success in its early years, and which flaws might be causing the chronic problems of low growth and high unemployment that have plagued Germany more recently. In particular, the paper argues that a high-cost and highly inflexible labor market resulting from Germany's system of …

La Governance Nell'azienda Comune Di Milano Dall'xi Al Xiii Secolo, Paola Saracino

Paola Saracino

L’idea di una ricerca a carattere storico sulla Governance nell’azienda Comune di Milano tra il secolo XI e XIII nasce dalla piena condivisione del pensiero di De Roover circa l’ oggetto di indagine della storia della ragioneria; lo storico infatti afferma che la storia della ragioneria, oltre ad indagare le origini dei conti, deve anche occuparsi della struttura e amministrazione delle aziende del passato al fine di analizzarne la direzione o governo, la gestione, il controllo e la programmazione. La presente ricerca storica assume come quadro teorico di riferimento alcuni assiomi che vengono delineati riprendendo anche alcuni cenni dottrinali. Il …