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The Trustee Savings Banks, 1817–1861

Bibliographic Data

ID10103024
AuthorsAlbert Fishlow (0000-0001-6561-2313, Harvard University Press, corresponding author)
Year1961
Volume21
Issue1
Pages26-40
Publication date1961-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s002205070011099x
OpenAlexW2137945058
LanguageEN
Citations received14
References cited3

The economic historian is well aware of the philanthropic origins of savings banks. Both in Western Europe and the United States they were initially established by public spirited individuals as a depository for the funds of small savers. It is not so widely appreciated that such banks were encouraged officially as a part of social policy in England during the nineteenth century. In an age in which self-help and individual thrift were conceived as the only solutions for lower-class poverty and distress, a means of spreading such virtues was sure not to go unnoticed. Brought forward in those critical years at the end of the Napoleonic wars, “here was the first constructive and practical proposal for counteracting the growing pauperization of the community, restoring independence to the masses, stopping the growth of the poor rate, and giving the ordinary man and woman some interest in the financial stability of the country.”

Bank account · Business · Constructive · Development economics · Economic growth · Economic policy · Economics · Financial distress · Financial system · Independence (probability theory · Interest rate · Payment · Poverty · Savings account · Economic, financial, and policy analysis · Finance · Historical Economic and Social Studies · Housing, Finance, and Neoliberalism

  • Immigrants and savers

    Simone A Wegge, Tyler Anbinder et al.•Historical Methods A Journal of…•2017

  • Saving for a stormy day? The Jamaican Government Savings Bank and the precautionary savings motive

    Open Access•Nekeisha Spencer, Eric Strobl•Financial History Review•2024

  • The long-term evolution of economic history

    Open Access•Martina Cioni, Giovanni Federico et al.•Cliometrica•2020

  • The wife's administration of the earnings’? Working-class women and savings in the mid-nineteenth century

    Open Access•Josephine Maltby•Continuity and Change•2011

  • Mutual Savings Bank Depositors in New York

    Open Access•Alan L Olmstead•The Business History Review•1975

  • Poverty’s Capital

    Anders Bright•Labor Studies in Working-Class…•2025

  • For All Intents and Purposes

    Open Access•Linda Perriton, Stuart Henderson•Enterprise & Society•2020

  • Working-Class Households and Savings in England, 1850–1880

    Open Access•Linda Perriton, Josephine Maltby•Enterprise & Society•2015

  • The Widow, the Clergyman and the Reckless”

    Janette Rutterford, Josephine Maltby•Feminist Economics•2006

  • Were Small-town New Yorkers Life-cycle Savers

    Howard Bodenhorn•The History of the Family•2022

  • She possessed her own fortune’

    Josephine Maltby, Janette Rutterford•Business History•2006

  • Helping the poor help themselves

    Open Access•Eoin Mclaughlin, Rowena A Pecchenino et al.•Business History•2026

  • Profligacy in the encouragement of thrift’

    Eoin Mclaughlin•Business History•2014

  • Varieties of Banking and Regional Economic Development in the United States, 1840-1860

    Open Access•Hugh Rockoff, Hugh T Rockoff•The Journal of Economic History•1975

  • Social Change in the Industrial Revolution

    Neil J Smelser•Social Change in the Industrial…•1992

  • An Economic History of Modern Britain

    Open Access•J H Clapham•Public Administration•1933

  • A History of Savings Banks

    D T Jack, H Oliver Horne•The Economic Journal•1948

Unique citing works14
Citations per year0,27
Citation span1975 - 2026 (52)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 14

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