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The Organization and Functions of Anglo-American Merchant Bankers, 1815–1860

Ralph W. Hidy

The Journal of Economic History, 1941, vol. 1, issue S1, 53-66

Abstract: Prior to the Civil War in the United States much of the economic development of the country was financed by means of European credit, extended for both short and long terms. The flow of capital was chiefly from England and considerable Continental capital moved through England to the United States. A few firms in England were the chief instruments in this process of financing American trade and marketing American securities. These Anglo-American merchant bankers are the subject of this paper.

Date: 1941
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