Towards Modern Public Finance - The American War with Mexico, 1846-1848 (Hardcover)

This is the first in-depth study to address the financing of the American-Mexican War of 1846-48. Floating the Mexican War loans was the greatest single endeavour of the American financial community during the 1840s. Under President Polk, the Treasury issued three loans totalling $49 000 000. Investment bankers enthusiastically marketed these treasury notes and bonds directly to the international investing public. Cummings argues that the successful financing of the American-Mexican War had a long-term beneficial effect on American financial institutions and markets. At home, the stability of the Independent Treasury was assured, and abroad, America's international credit standing was restored. Most importantly, the dealing of government issue by investment bankers was a decisive step towards modern public finance.

General

Imprint:	Pickering & Chatto (Publishers) Ltd
Country of origin:	United Kingdom
Series:	Financial History
Release date:	November 2008
First published:	2009
Authors:	James W. Cummings
Dimensions:	234 x 156 x 23mm (L x W x T)
Format:	Hardcover
Pages:	240
ISBN-13:	978-1-85196-988-3
Categories:	Books > Humanities > History > World history > 1750 to 1900 Books > Humanities > History > American history > General Books > Humanities > History > History of specific subjects > Economic history Books > Social sciences > Warfare & defence > War & defence operations > General Books > History > American history > General Books > History > History of specific subjects > Economic history Books > History > World history > 1750 to 1900
LSN:	1-85196-988-8
Barcode:	9781851969883

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