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Novedades bibliográficas |
Towards Modern Public Finance: The American War with Mexico, 1846-1848
James W Cummings
Pickering & Chatto, Financial History
Hb: 240pp: November 2008
This is the first in-depth study to address the financing of the
American-Mexican War of 1846–8. Floating the Mexican War loans was the
greatest single endeavour of the American financial community during
the 1840s. Under President Polk, the Treasury issued three loans
totalling $49 million. Investment bankers enthusiastically marketed
these treasury notes and bonds directly to the international investing
public. Cummings argues that the successful financing of the
American-Mexican War had a long-term beneficial effect on American
financial institutions and markets. At home, the stability of the
Independent Treasury was assured, and abroad, America's international
credit standing was restored. Most importantly, the dealing of
government issue by investment bankers was a decisive step towards
modern public finance.
Introduction
Chapter 1: Economic Background
Chapter 2: Ideology, Revenue and Financial Systems
Chapter 3: Loan of 1846
Chapter 4: Loan of 1847
Chapter 5: Mexico's Finances
Chapter 6: Making War Pay: The Mexican Assessments
Chapter 7: The Independent Treasury at War
Chapter 8: Loan of 1848
Chapter 9: Mexican Indemnity and Bounty Land
Conclusion
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