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Books > History > American history
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Banking in Oklahoma Before Statehood (Hardcover)
Loot Price: R720
Discovery Miles 7 200
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Banking in Oklahoma Before Statehood (Hardcover)
Expected to ship within 7 - 11 working days
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This lively book takes Oklahoma history into the world of Wild West
capitalism. It begins with a useful survey of banking from the
early days of the American republic until commercial patterns
coalesced in the East. It then follows the course of American
expansion westward, tracing the evolution of commerce and banking
in Oklahoma from their genesis to the eve of statehood in 1907.
"Banking in Oklahoma before Statehood "is not just a story of men
sitting behind desks. Author Michael J. Hightower describes the
riverboat trade in the Arkansas and Red River valleys and
freighting on the Santa Fe Trail. Shortages of both currency and
credit posed major impediments to regional commerce until
storekeepers solved these problems by moving beyond barter to open
ad hoc establishments known as merchant banks.
Banking went through a wild adolescence during the territorial
period. The era saw robberies and insider shenanigans, rivalries
between banks with territorial and national charters, speculation
in land and natural resources, and land fraud in the Indian
Territory. But as banking matured, the better-capitalized
institutions became the nucleus of commercial culture in the
Oklahoma and Indian Territories.
To tell this story, the author blends documentary historical
research in both public and corporate archives with his own
interviews and those that WPA field-workers conducted with
old-timers during the New Deal. Bankers were never far from the
action during the territorial period, and the institutions they
built were both cause and effect of Oklahoma's inclusion in
national networks of banking and commerce. The no-holds-barred
brand of capitalism that breathed life into the Oklahoma frontier
has remained alive and well since the days of the fur traders. As
one knowledgable observer said in the 1980s, "You've always had the
gambling spirit in Oklahoma."
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