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The Land-Bank System in the American Colonies

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  • Thayer, Theodore

Abstract

One need not be very conversant with modern money, credit, and banking to find in them a kinship with the land banks of the Colonial era. In a manner suggestive of our Federal Reserve System, the Colonial land banks exerted a wide influence over the economic life of the times. Indeed, the functions of the land-bank system embraced every phase of the Colonial economy. Its history to a large degree comprises the history of currency, money values, inflation, credit, public finance, and economic development in eighteenth-century America.

Suggested Citation

  • Thayer, Theodore, 1953. "The Land-Bank System in the American Colonies," The Journal of Economic History, Cambridge University Press, vol. 13(2), pages 145-159, April.
    • Handle: RePEc:cup:jechis:v:13:y:1953:i:02:p:145-159_07
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    Cited by:

    1. Farley Grubb, 2016. "Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775," Research in Economic History, in: Research in Economic History, volume 32, pages 147-224, Emerald Group Publishing Limited.
    2. Farley Grubb, 2014. "A New Approach to Solving the Colonial Monetary Puzzle: Evidence from New Jersey, 1709-1775," NBER Working Papers 19903, National Bureau of Economic Research, Inc.
    3. Farley Grubb, 2014. "A New Approach to Explaining the Value of Colonial Paper Money: Evidence from New Jersey, 1709-1775," Working Papers 14-08, University of Delaware, Department of Economics.
    4. Farley Grubb, 2013. "Colonial New Jersey's Paper Money Regime, 1709-1775: A Forensic Accounting Reconstruction of the Data," NBER Working Papers 19710, National Bureau of Economic Research, Inc.

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