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Interest Rate Movement in the United States, 1888–1913

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  • Smiley, Gene

Abstract

As a nation becomes economically developed, the pace of development usually tends to vary between sectors and between regions of the nation. Industrialization usually involves more rapid growth and technological change in some industries than others. Often regional specialization accompanies industrialization, and, in fact, can become an important determinant in the industrialization process. With differential growth among industries, and increasing regional specialization, the performance of the factor markets in mobilizing and reallocating capital and labor among industries and regions becomes extremely important.

Suggested Citation

  • Smiley, Gene, 1975. "Interest Rate Movement in the United States, 1888–1913," The Journal of Economic History, Cambridge University Press, vol. 35(3), pages 591-620, September.
    • Handle: RePEc:cup:jechis:v:35:y:1975:i:03:p:591-620_07
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    Cited by:

    1. Charles W. Calomiris & Mark A. Carlson, 2014. "National Bank Examinations and Operations in the Early 1890s," Finance and Economics Discussion Series 2014-19, Board of Governors of the Federal Reserve System (U.S.).
    2. Mary Eschelbach Hansen, 2014. "Sources of Credit and the Extent of the Credit Market: A View from Bankruptcy Records, Mississippi 1929-1936," Working Papers 2014-09, American University, Department of Economics.
    3. Landon-Lane, John & Rockoff, Hugh, 2007. "The origin and diffusion of shocks to regional interest rates in the United States, 1880-2002," Explorations in Economic History, Elsevier, vol. 44(3), pages 487-500, July.
    4. Grossman, Richard S. & Imai, Masami, 2008. "The evolution of a national banking market in pre-war Japan," Explorations in Economic History, Elsevier, vol. 45(1), pages 17-29, January.

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