Acknowledgements; Introduction; 1. Vehicles for accumulating capital; 2. Insider lending and Jacksonian hostility towards banks; 3. Engines of economic development; 4. The decline of insider lending and the problem of determining creditworthiness; 5. Professionalization and specialization; 6. The merger movement in banking; Conclusion.
Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New Englandby Naomi R. Lamoreaux
Pub. Date: 07/28/2013
Publisher: Cambridge University Press
Insider lending was an integral aspect of the banking system in early nineteenth century New England. Not only was the practice an accepted fact of economic life, but as this text argues, it enabled banks to play an important role in financing economic development.
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