The Emergence of the Trust Company in New York City 1870-1900

1st Edition

H. Peers Brewer

Routledge
February 15, 2019 Forthcoming
Reference - 360 Pages
ISBN 9781138090323 - CAT# Y334437
Series: Routledge Library Editions: History of Money, Banking and Finance

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Summary

Between 1875 and 1900, the assets of trust companies in New York City grew at a compound annual rate of 9.6%, compared with 4.1% for national banks. The purpose of this book, first published in 1986, is to bring to light the entrepreneurial, economic and political forces which prompted the growth of the trust companies and resolved the movement into a well-defined financial intermediary and eventually led to the merging of the trust movement with commercial banks.

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