Case | HBS Case Collection | December 2004

Money and Banking in America

by Nancy F. Koehn and Stephen A. Mihm

Abstract

Provides a concise overview of the critical role that money and the nation's banking system have played in the development of the U.S. economy. Tells the story of money and banking in the United States, from the earliest settlements in the colonial era through the 20th century. Focuses in particular on the importance of paper money in the colonial era, the central role that banks played in issuing and regulating the money supply in the 19th century, and the transition to a national money supply in the years after the Civil War.

Keywords: History; Money; Banks and Banking; United States;

Citation:

Koehn, Nancy F., and Stephen A. Mihm. "Money and Banking in America." Harvard Business School Video Case 805-088, December 2004.