Download or read book Money & Banking in Maryland written by Stuart R. Bruchey and published by Maryland Historical Trust Press. This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For much of early American history, banks performed not only credit services but also provided as well the great bulk of the national money supply. Suspicion of public paper and its administrators among the Founders kept the government out of the business of issuing currency for decades. The first quarter of this monumental book is the fascinating story, told in a style agreeable to both general readers and specialists by the distinguished economic historian Stuart Bruchey, of the development of credit and banknote practices in the important and ever-expanding Baltimore and Maryland markets in the first half of the nineteenth century, along with the role of the Maryland General Assembly in chartering early banks. This account is followed by a comprehensive catalogue of early Maryland banknotes and their issuers -- the first of its kind for Maryland -- that will delight numismatic collectors, researchers, and all students of the history of banking.