The Political Economy of State-chartered Banks in Early Twentieth-century Texas

Linda M. Hooks

A chapter in Research in Economic History, 2020, vol. 36, pp 151-180 from Emerald Group Publishing Limited

Abstract: This chapter explores the political economy of banking in Texas at the turn of the last century. The empirical work sheds light on why Texans voted to allow the chartering of banks by the state government. The evidence shows that county-level voting patterns for state-chartered banks were significantly related to business interests, consumer interests, agricultural activity, and the presence of existing national banks. The work also shows that the first counties to receive the new state banks were associated with higher agricultural activity, larger population size, and the presence of existing national banks. By examining the vote and the location of early entrants in state banking, this chapter contributes to the literature exploring the historical development of state-chartered banking and the dual-banking system in the US.

Keywords: State-chartered banks; voting behavior; bank regulation; Texas; United States; pre-1913; G28; G21; N21; D72; L51 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rehizz:s0363-326820200000036005

DOI: 10.1108/S0363-326820200000036005

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