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020 _a9783031562778
_9978-3-031-56277-8
024 7 _a10.1007/978-3-031-56277-8
_2doi
050 4 _aHG171
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_2bicssc
072 7 _aKCZ
_2bicssc
072 7 _aBUS023000
_2bisacsh
072 7 _aKFF
_2thema
072 7 _aKCZ
_2thema
100 1 _aNeal, Larry.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_976175
245 1 4 _aThe Forgotten Financiers of the Louisiana Purchase
_h[electronic resource] :
_bEuropean Bankers, the US, and the Rise of International Finance /
_cby Larry Neal.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer Nature Switzerland :
_bImprint: Palgrave Macmillan,
_c2024.
300 _aXXV, 251 p. 18 illus., 16 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aPalgrave Studies in the History of Finance,
_x2662-5172
505 0 _aChapter 1: Behind the Scenes of the Louisiana Purchase -- Chapter 2: Setting Up the Finance for the Louisiana Purchase -- Chapter 3: “The Present Order of Things” in January 1803 -- Chapter 4: Baring & Hope Anticipate Financing the Louisiana Purchase -- Chapter 5: All The Players Were Important -- Chapter 6: Daniel Parker, American Expatriate Extraordinaire -- Chapter 7: The deal is done, but problems arise: America, London, Paris, and Amsterdam -- Chapter 8: Meanwhile, More Trouble Back in Paris -- Chapter 9: The Financial & Personal Crises of 1810-11 -- Chapter 10: The War of 1812 and the Financiers of the Louisiana Purchase -- Chapter 11: Lessons Learned and Applied -- Chapter 12: Curtain Call: The Players Should Take a Bow.
520 _a“The Louisiana Purchase is mostly remembered for the political acumen of Thomas Jefferson and Napoleon’s pragmatism. This book shows that the grand bargain to double the size of the US depended on the financial engineering of two European merchant bankers. The bankers initiated a deal that avoided confrontation between the US and France and circumvented Britain’s opposition. Perhaps this is why Jefferson stated that banks “are more dangerous than standing armies.” – Rui Esteves, Professor, Geneva Graduate Institute “When Napoleon in 1803 offered to sell France’s territorial claims in North America, the young United States did not have the money to buy. But it had something equally important: credit in the world of international finance. Neal’s splendid contribution to financial history reveals how two enterprising European bankers used U.S. creditworthiness to structure the deal and arrange the financing that allowed the United States to double its territory and become a rising global power.” – Richard Sylla, New York University “A complete reversal of what we thought we knew about the Louisiana purchase. As Professor Neal shows in this tour de maître, the financiers who masterminded the purchase did not ‘arrange it’. They were really the puppeteers of the whole act." – Marc Flandreau, Howard S. Marks Professor of Economic History at University of Pennsylvania This book provides a comprehensive account of how the Louisiana Purchase of 1803 was financed. Where existing research has focused predominantly on the political and diplomatic significance of the Purchase, this book focuses on the ‘forgotten financiers’ of the Purchase – individuals from the US, France and the UK including Alexander Baring, Albert Gallatin, Pierre Cesar Labouchere and François Barbè-Marbois. Larry Neal is Emeritus Professor of Economics at the University of Illinois at Urbana-Champaign, Research Associate of the National Bureau of Economic Research, and Fellow of the Cliometrics Society. .
650 0 _aFinance.
_958339
650 0 _aHistory.
650 0 _aEconomic history.
_957506
650 0 _aInternational finance.
_957834
650 0 _aEconomics.
_958354
650 1 4 _aFinancial History.
_971057
650 2 4 _aEconomic History.
_957506
650 2 4 _aInternational Finance.
_957834
650 2 4 _aPolitical Economy and Economic Systems.
_970994
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031562761
776 0 8 _iPrinted edition:
_z9783031562785
776 0 8 _iPrinted edition:
_z9783031562792
830 0 _aPalgrave Studies in the History of Finance,
_x2662-5172
_976176
856 4 0 _uhttps://doi.org/10.1007/978-3-031-56277-8
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c59568
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