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The Chestnut Street Raid on Wall Street, 1839

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  • Bray Hammond

Abstract

I. The business and political situation in 1839, 605. — II. Early sales of postnotes and foreign exchange in the New York and Boston markets, 607; heavy drafts on the New York balances, 609; gathering difficulties in Europe, 609; suspension of the Bank of the United States, 611; the Rothschilds' assistance, 612. — III. Discussion of the episode by Biddle and others, 614; passing of financial primacy to Wall Street, 616; significance of the episode, 617.

Suggested Citation

  • Bray Hammond, 1947. "The Chestnut Street Raid on Wall Street, 1839," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 61(4), pages 605-618.
    • Handle: RePEc:oup:qjecon:v:61:y:1947:i:4:p:605-618.
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    File URL: http://hdl.handle.net/10.2307/1885051
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    Cited by:

    1. Namsuk Kim & John Joseph Wallis, 2005. "The market for American state government bonds in Britain and the United States, 1830–43," Economic History Review, Economic History Society, vol. 58(4), pages 736-764, November.

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