Restrictions on Financial Intermediaries and Implications for Aggregate Fluctuations: Canada and the United States, 1870–1913

It is sometimes asserted that a laissez-faire policy toward financial intermediaries tends to deepen financial development and accelerate economic growth. The two decades preceding the American Civil War provide a challenging case for this proposition because they witnessed something approaching a natural experiment. During those years the Federal government withdrew from the regulation of banking, a policy that was the final outcome of Andrew Jackson's war with the Second Bank of the United States. A wide range of experiments concerning entry into commercial banking were tried, from “free” banking to “socialized” banking. Moreover, other kinds of legislation affecting banking varied from state to state as well. While the regions of the United States differed in terms of economic structure, a common language, a common legal tradition, and, to some extent, a common culture permeated all regions. Thus, the period provides excellent conditions for observing the effects of financial legislation on the extent of financial intermediation. In this paper I will assess the impact on financial development of the three most important forms of regulation: the commercial banking laws, the usury laws, and the mutual savings banking laws.

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Forgotten Sources of Capital for the Family-Owned Business

Family Business Review ◽

10.1111/j.1741-6248.1995.00159.x ◽

1995 ◽

Vol 8 (3) ◽

pp. 159-176 ◽

Cited By ~ 21

Author(s):

Michael Harvey ◽

Rodney Evans

Keyword(s):

United States ◽

Family Business ◽

The United States ◽

Family Businesses ◽

Personal Relationships ◽

Financial Intermediaries ◽

Wall Street ◽

Savings And Loan ◽

The Family ◽

Sources Of Capital

The recent scandals on Wall Street in the banking and savings and loan industries have created a financial crisis for many family businesses, particularly those in smaller towns and cities. The long-standing personal relationships with financial intermediaries have been altered by the loss of these financial organizations and by heightened government intervention and regulation. To manage the finances of a family business successfully, the owners must reassess forgotten sources of capital for their businesses. This article examines these sources of capital for family businesses in the United States.

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Party Strength in the United States: Some Corrections

The Journal of Politics ◽

10.1017/s0022381600041591 ◽

1975 ◽

Vol 37 (2) ◽

pp. 641-642 ◽

Cited By ~ 1

Author(s):

Paul T. David

Keyword(s):

United States ◽

The United States ◽

Party Strength

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Correlative microscopy in distrubuted (client/server) computing environments: tools for catalyzing the rapid dissemination of information about the cell biology of the human prostate

Proceedings, annual meeting, Electron Microscopy Society of America ◽

10.1017/s0424820100139780 ◽

1995 ◽

Vol 53 ◽

pp. 682-683

Author(s):

A. Hakam ◽

J.T. Gau ◽

M.L. Grove ◽

B.A. Evans ◽

M. Shuman ◽

...

Keyword(s):

United States ◽

Cell Biology ◽

Tissue Bank ◽

The United States ◽

Prostate Adenocarcinoma ◽

Correlative Microscopy ◽

Client Server ◽

Critical Elements ◽

Transplant Organ

Prostate adenocarcinoma is the most common malignant tumor of men in the United States and is the third leading cause of death in men. Despite attempts at early detection, there will be 244,000 new cases and 44,000 deaths from the disease in the United States in 1995. Therapeutic progress against this disease is hindered by an incomplete understanding of prostate epithelial cell biology, the availability of human tissues for in vitro experimentation, slow dissemination of information between prostate cancer research teams and the increasing pressure to “ stretch” research dollars at the same time staff reductions are occurring.To meet these challenges, we have used the correlative microscopy (CM) and client/server (C/S) computing to increase productivity while decreasing costs. Critical elements of our program are as follows:1) Establishing the Western Pennsylvania Genitourinary (GU) Tissue Bank which includes >100 prostates from patients with prostate adenocarcinoma as well as >20 normal prostates from transplant organ donors.

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