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Colonial and Early
National Financial History
A Memo on a Selective Supplemental Bibliography
By
Edwin J. Perkins
Given the
failure of
Professor Woody Holton to cite a sample of the
secondary publications by an active group of
financial historians who cover the period 1780 to
1820 in his recent note entitled
Abigail Adams: Bond Speculator in the William
& Mary Quarterly and in his book,
Unruly Americans and the Origins of Constitution,
I hereby offer a selective supplemental bibliography
with the purpose of keeping interested scholars
aware of the relevant scholarship in the two narrow
fields of colonial financial history and early
national financial history. Sincerely,
Ed Perkins
Professor Richard Sylla, Stern Business School,
New York University
“Banks and
State Public Finance in the New Republic, 1790-1860.”
Journal of Economic History 47 (June 1987),
391-403. Co-authors: John B. Legler and John J.
Wallis.
"U.S.
Securities Markets and the Banking System,
1790-1840." Federal Reserve Bank of St. Louis
Review 80, no.3 (May/June 1998), 83- 103.
“The Changing
Nature of American Public Debt, 1690-1835," in La
DettePublique aux XVlle et XIXe Siecles son
Developpement sur le Plan Local, Regional et
National (with John A. James), Colloque
International-International Colloquium, Spa 12-16 IX
1978 Actes-Handelingen (Brussels, 1980), 243-272.
"American
Banking and Growth in the Nineteenth Century: A
Partial View of the Terrain." Explorations in
Economic History, 9 (Winter 1971-72), 197-227.
"Hamilton and
the Federalist Financial Revolution, 1789-1795.
New York Journal of American History 65, 3
(Spring 2004), 32-3.
"Emerging
Financial Markets and Early U.S. Growth." Explorations
in Economic History, 42 (Jan. 2005), 1-26. With
Peter L. Rousseau.
"Integration of
Trans-Atlantic Capital Markets, 1790-1845,"
Review of Finance. forthcoming 2006.
(Co-authors: J. Wilson and R. Wright.)
"Political
Economy of Early US Financial Development," chap.
for volume on Political Economy of Financial
Institutions, Stephen Haber, Douglass C. North,
and Barry Weingast, eds., forthcoming 2007.
"The Transition to a Monetary
Union in the United States, 1787-1795." Financial
History Review, forthcoming 2006.
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* * *
Professor Robert Wright, Stern School of
Business, New York University
Books:
Financial Founding Fathers: The Men Who Made America
Rich. (Chicago: University of Chicago
Press, 2006). With David Jack Cowen.
The First Wall Street: Chestnut Street,
Philadelphia, and the Birth of American Finance
(Chicago: University of Chicago Press, 2005).
The Wealth of Nations Rediscovered: Integration and
Expansion in American Financial Markets. (New
York: Cambridge University Press, 2002).
Hamilton Unbound: Finance and Creation of the
American Republic. (Westport, Conn.: Praeger,
2002).
Origins of Commercial Banking in America, 1750-1800.
(Lanham, Md.: Rowman and Littlefield, 2001).
Articles:
"Thomas Willing
(1731-1821): Philadelphia Financier and Forgotten
Founding Father." Pennsylvania History (Fall
1996), 525-560.
"The First Phase of the Empire State's 'Triple
Transition': Banks' Influence on the Market,
Democracy, and Federalism in New York, 1776-1838,"
Social Science History (Winter 1997),
521-558.
"Ground Rents Against Populist Historiography:
Mid-Atlantic Land Tenure, 1750-1820," Journal of
Interdisciplinary History (Summer 1998), 23-42.
"Artisans, Banks, Credit, and the Election of
1800," Pennsylvania Magazine of History and
Biography (July 1998), 211-239.
"Bank Ownership
and Lending Patterns in New York and Pennsylvania,
1781-1831," Business History Review (Spring
1999), 40-60.
"A
Historiographical Overview of Early U.S. Finance
(1784-1836): Institutions, Markets, Players, and
Politics." Commissioned essay for the National Park
Service, 1999. Co-author: David Cowen.
* *
* * *
Professor Edwin J. Perkins, History Department,
University of Southern California
Books:
American
Public Finance and Financial Services, 1700- 1815.
(Columbus: Ohio State University Press, 1994).
The Economy of Colonial America. 2nd ed.
(New York: Columbia University Press, 1988).
Financing Anglo-American Trade: The House of Brown,
1800-1880. (Cambridge, Mass.: Harvard
University Press, 1975).
Perkins on
U.S. Financial History and Related Topics.
Forthcoming from University Press of America in
2009. This edited volume includes all the articles
and manuscripts listed below.
Articles:
"Conflicting
Views on Fiat Currency: Britain and Its North
American Colonies in the Eighteenth Century,"
Business History, XXXIII (1991), no. 3, pp.
8-30.
"The
Entrepreneurial Spirit in Colonial America: The
Foundations of Modern Business History." Business
History Review, LXIII (1989), 160-186.
"Madison' Debt
Discrimination Proposal Revisited: The Application
of Present Value Financial Analysis." Unpublished
ms. available on request from the author—12 pages.
"Jeffersonian
Principles and the Shaping of American Financial
Services, 1790-1815." Unpublished ms. available on
request from the author—14 pages.
* *
* * *
Professor Peter Rousseau, Economics Department,
Vanderbilt University
"A Common
Currency: Early U.S. Monetary Policy and the
Transition to the Dollar," Financial History
Review, 13:1 (March, 2005), 97-122.
"Emerging Financial Markets and
Early US Growth," Explorations in Economic
History, 42 (Jan. 2005), 1-26. With Richard
Sylla.
* *
* * *
Professor Farley Grubb, Economics Department,
University of Delaware
"The
Constitutional Creation of a Common Currency in the
U.S., 1748-1811: Monetary Stabilization Versus
Merchant Rent Seeking," in Jurgen Nautz and Lars
Jonung, eds., Conflict Potential in Monetary
Unions. Stuttgart: Steiner Vering, 2007, pp.
19-60.
"The Net Worth
of the U.S. Federal Government, 1784-1802,"
American Economic Review—Papers and Proceedings,
Vol. 97, No. 2, pp. 280-284, May, 2007.
"The U.S.
Constitution and Monetary Powers: An Analysis of the
1787 Constitutional Convention and How a
Constitutional Transformation of the Nation's
Monetary System Emerged." Financial History
Review, Vol. 13, no. 1, pp. 43-71, April 2006.
"State
Currencies and the Transition to the U.S. Dollar:
Reply-Including a New View from Canada."
American Economic Review, Vol. 95, no. 4, pp.
1341-1348, Sept. 2005
"The
Circulating Medium of Exchange in Colonial
Pennsylvania , 1729-1775: New Estimates of Monetary
Composition, Performance, and Economic Growth,"
Explorations in Economic History, Vol. 41, no.
4, pp. 329-360, Oct. 2004
"Creating the
U.S. Dollar Currency Union, 1748-1811: A Quest for
Monetary Stability or a Usurpation of State
Sovereignty for Personal Gain?" American
Economic Review, Vol. 93, no. 5, pp. 1778-1798,
Dec. 2003
**Bibliography
compiled by Edwin Perkins, History, emeritus,
University of Southern California. E-mail contact:
perkinsej@aol.com
If you like this bibliography
consider making a donation.
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Responses
Dear Professor Perkins,
Thanks for the
bibliography to which you refer above. I touch on
such matters, unavoidably, in my courses on American
Literary and Intellectual History. But while I had
previously glanced at Holton's book, I am so biased
towards
Charles Beard,
Richard Hofstadter, and
Bray Hammond that I have been suspicious of
Alfred Young,
Gary Nash,
Holton, and others who romanticize or
sentimentalize populist influences on the Revolution
and/or the Constitution. Governments exist, as
Madison wrote in Federalist 10, in order to protect
"faculties." Aside from any moral considerations
Madison (like Lenin) got it right. Thanks again,
Wilson J. Moses
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posted 21 September 2008 |