Description
Book SynopsisRecounts the of Chestnut Street and its forgotten role in the birth of American finance. It reveals how Philadelphia played a role in the financing of the American Revolution. This book will appeal to those interested in the history of the United States and the origins of its unrivaled economy.
Trade Review"The First Wall Street carefully explores the birth of American finance. A lot of it, like a lot of common law, was directly taken from the British. But there were subtle differences in the American experience from the onset of independence, as we learn in this fascinating book. These included variations in how property was defined, how collateral for loans was determined, how bankruptcy was adjudicated, how banking rules were formulated, and how derivative markets were developed. What Wright reveals, then, is that the American Revolution was about far more than political freedom and liberty. It was about economics as well." - Don L. Coursey. University of Chicago"
