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Political Economy of Financial Development: Canada and the United States in the Mirror of the Other, 1790–1840

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  • Sylla, Richard

Abstract

A meeting of the Business History Conference in Toronto with “The Political Economy of Enterprise” as its theme provides an opportunity to consider some historical similarities and differences between the climates of enterprise in Canada and the United States. Because much of my recent work has been on financial development in the United States in the early decades, 1790–1840, I shall focus on that period. During that period, finance, enterprise, and economic development in the United States made great strides. Across the border in British North America, progress in all three areas was limited. The contrast sheds some light on the political conditions that favor financial development, flourishing enterprise, and modern economic growth.

Suggested Citation

  • Sylla, Richard, 2006. "Political Economy of Financial Development: Canada and the United States in the Mirror of the Other, 1790–1840," Enterprise & Society, Cambridge University Press, vol. 7(4), pages 653-665, December.
    • Handle: RePEc:cup:entsoc:v:7:y:2006:i:04:p:653-665_00
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    Cited by:

    1. James Foreman-Peck & Leslie Hannah, 2015. "The diffusion and impact of the corporation in 1910," Economic History Review, Economic History Society, vol. 68(3), pages 962-984, August.
    2. Michael D. Bordo & Angela Redish & Hugh Rockoff, 2015. "Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or …)?," Economic History Review, Economic History Society, vol. 68(1), pages 218-243, February.
    3. Stephen Haber & Enrico Perotti, 2008. "The Political Economy of Financial Systems," Tinbergen Institute Discussion Papers 08-045/2, Tinbergen Institute.

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