THE PANIC OF 1857 - ORIGINS, TRANSMISSION, AND CONTAINMENT
成果类型：
Article
署名作者：
University System of Ohio; University of Dayton
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700040122
发表日期：
1991
页码：
807-834
关键词：
摘要：
We explain the origins of the Panic of 1857, examine its spread, and compare state banking systems' responses. We describe the decline in western land and railroad investments and the consequent stress on securities brokers and banks in eastern cities, and trace the transmission of the shock to other regions. Bank performance depended not only on regional conditions and links to eastern banks, but on the ability to coordinate behavior. Southern branch banks and coinsuring banks in Ohio and Indiana were particularly successful.