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Articles 1 - 10 of 10
Full-Text Articles in History
Distress During The Great Depression: The Illiquidity-Insolvency Debate Revisited, Gary Richardson
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
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.
A Brief History Of Oyster Aquaculture In Rhode Island, Michael A. Rice
A Brief History Of Oyster Aquaculture In Rhode Island, Michael A. Rice
Michael A Rice
No abstract provided.
Method And Memory In The Midwestern ‘Lincoln Inquiry’: Oral Testimony And Abraham Lincoln Studies, 1865-1938, Keith A. Erekson
Method And Memory In The Midwestern ‘Lincoln Inquiry’: Oral Testimony And Abraham Lincoln Studies, 1865-1938, Keith A. Erekson
Keith A Erekson
This article reviews the efforts from the 1880s through the 1930s to collect and examine oral histories with Abraham Lincoln's Indiana neighbors.
Lincoln And The Constitutional Dilemma Of Emancipation, Edna Greene Medford
Lincoln And The Constitutional Dilemma Of Emancipation, Edna Greene Medford
Edna Greene Medford
On the afternoon of January 1,1863, following nearly two years of bloody civil war, Abraham Lincoln set in motion events that would reconnect the detached cord of Union and that would begin to reconcile the nation's practices to its avowed democratic principles.
Libraries In Public Before The Age Of Public Libraries: Interpreting The Furnishings And Design Of Athenaeums And Other ‘Social Libraries,’ 1800-1860, Adam Arenson
Adam Arenson
Before public libraries became common in the United States, both elite and striving men sought out social libraries to read business newspapers, attend lectures, appreciate art and good company, and generally learn or relish in respectability. For single male clerks living in rented rooms, the library served as a crucial "third place," away from home and work, where sociability and education could flourish. This chapter describes how elements of the private library, the parlor, and the bookstore informed the furnishing and design of the social library. It reveals how the spaces were intended to be utilized--and what legacies remained for …
“A Bridge Of Communication: Spaniards And Ottoman Sephardic Jews In The City Of New York (1880-1950)", Aviva Ben-Ur
“A Bridge Of Communication: Spaniards And Ottoman Sephardic Jews In The City Of New York (1880-1950)", Aviva Ben-Ur
Aviva Ben-Ur
No abstract provided.
“Sephardim In America,” In Stephen H. Norwood And Eunice G. Pollack, Eds., Encyclopedia Of American Jewish History, 2 Vol., Vol. 1, Pp.1-9, Aviva Ben-Ur
Aviva Ben-Ur
No abstract provided.
Myths And Symbols Of The American Nation, Francoise Le Jeune Pr
Myths And Symbols Of The American Nation, Francoise Le Jeune Pr
Francoise LE JEUNE
No abstract provided.