Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2 |
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Page 16
In 1740 the Massachusetts Land Bank was formed . Its capital was £ 150 , - 000. Subscribers obtained bank notes by mortgaging land at 3 per cent interest with the principal amortized at 5 per cent annually in notes , manu- factured ...
In 1740 the Massachusetts Land Bank was formed . Its capital was £ 150 , - 000. Subscribers obtained bank notes by mortgaging land at 3 per cent interest with the principal amortized at 5 per cent annually in notes , manu- factured ...
Page 94
Customs revenue fell , and sales of public lands declined as speculative values collapsed . ... When the depression of 1819 began , settlers who had bought land on credit owed the Treasury about $ 22 million , and there was little ...
Customs revenue fell , and sales of public lands declined as speculative values collapsed . ... When the depression of 1819 began , settlers who had bought land on credit owed the Treasury about $ 22 million , and there was little ...
Page 99
At the same time , the prosperity of the thirties , characterized as it was by land speculation , resulted in a phenomenal increase in the revenue from the sale of public lands . By the Act of 1820 public lands had to be paid for in ...
At the same time , the prosperity of the thirties , characterized as it was by land speculation , resulted in a phenomenal increase in the revenue from the sale of public lands . By the Act of 1820 public lands had to be paid for in ...
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Contents
The Meaning and Basic Trends of Financial History | 1 |
Monetary and International Fi nancial Policies | 4 |
26 | 7 |
Copyright | |
56 other sections not shown
Other editions - View all
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Financial History of the United States: Fiscal, Monetary, Banking, and ... Paul Studenski,Herman Edward Krooss No preview available - 2011 |
Common terms and phrases
addition administration American Annual Report authorized balance bank reserves bankers banking system became began bill Bland-Allison Act Board borrowing budget capital cash cent certificates circulation cities coin colonies commercial banks Committee Comptroller Congress corporate cost currency declined deficit demand deposits depression duties economic established estimated excises expansion export favored Federal government Federal Reserve Federal Reserve Act Federal Reserve Board Federal Reserve System finance fiscal policy foreign funds gold standard government bonds greenbacks Hoover important income tax increased inflation interest rates investment issue June land levied loans member banks ment monetary money market money supply municipal National Bank Act national banks national-bank operations paper money payments pensions period President proposed purchase receipts recommended rediscount reduced refunding repealed Reserve banks retirement revenue Secretary securities Senate silver specie spending surplus tariff taxation tion Treasury notes Treasury's United veto York
Bibliographic information
| Title | Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Volume 2 Financial History of the United States: Fiscal, Monetary, Banking, and Tariff, Including Financial Administration and State and Local Finance, Herman Edward Krooss |
| Authors | Paul Studenski, Herman Edward Krooss |
| Edition | 2 |
| Publisher | McGraw-Hill, 1963 |
| Length | 605 pages |
| Export Citation | BiBTeX EndNote RefMan |