Corporation formation in the antebellum United States in comparative context

Richard Sylla and Robert Wright ()

Business History, 2013, vol. 55, issue 4, 653-669

Abstract: Between 1790 and 1860, US state governments chartered 22,419 businesses, with minimum authorised capital totalling $4.58 billion, by special statute. The US, in both total and per capita terms, had considerably more corporations and authorised corporate capital than the UK, France or Prussia did over that same span. Differences in incorporation and capitalisation rates between nations were largely a function of differences in laws and politics but differences among American states resulted more from differences in the timing and character of economic development.

Date: 2013
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DOI: 10.1080/00076791.2012.741977

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