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Immigrant Entrepreneurs in U.S. Financial History, 1775-1914

Bibliographic Data

ID8246772
AuthorsThomas K Mccraw (Harvard University, corresponding author)
Year2010
Volume5
Issue1
Publication date2010-01-16
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueCapitalism and Society (JOURNAL)
Journal identifiersISSN: 1932-0213 • E-ISSN: 2194-6140
PublisherWalter de Gruyter GmbH (PUBLISHER • DE)
DOI10.2202/1932-0213.1070
OpenAlexW2092571112
LanguageEN
Citations received5
References cited3

Throughout its history, the United States has been the beneficiary of a worldwide immigration of entrepreneurial talent. This article surveys finance, one of the many sectors in which immigrants made a conspicuous impact. Part I demonstrates the dominant role of immigrants in forming public financial policies from 1775 to 1817. Part II surveys 12 merchant and investment banking firms founded during the nineteenth century by individual immigrants or family groups, and traces their histories until 1914. Part III suggests, from this small sample, a series of hypotheses and tentative conclusions about their experiences and influence. Part IV compares the financial environment of the nineteenth century with that of the late twentieth and early twenty-first centuries. The article ends with a supporting appendix that describes 19 additional immigrants or immigrant families and their firms.Comments on this paper can be found at: http://ssrn.com/abstract=2208677

Beneficiary · Demographic economics · Economic history · Economics · Economy · Immigration · Investment (military · Investment banking · Political science · Politics · Banking stability, regulation, efficiency · Islamic Finance and Banking Studies · Law · Finance

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Unique citing works5
Citations per year0,38
Citation span2013 - 2022 (10)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 5

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