03842nam 2200661Ia 450 991079218620332120230126204253.00-8047-8555-410.1515/9780804785556(CKB)2560000000102289(EBL)1191607(OCoLC)849246161(SSID)ssj0000915486(PQKBManifestationID)11570828(PQKBTitleCode)TC0000915486(PQKBWorkID)10868896(PQKB)10991669(StDuBDS)EDZ0000155774(MiAaPQ)EBC1191607(DE-B1597)564318(DE-B1597)9780804785556(Au-PeEL)EBL1191607(CaPaEBR)ebr10718270(OCoLC)1178770065(EXLCZ)99256000000010228920120823d2013 uy 0engur|n|---|||||txtccrConservatives versus wildcats[electronic resource] a sociology of financial conflict /Simone PolilloStanford, California Stanford University Press20131 online resource (308 p.)Description based upon print version of record.0-8047-8509-0 Includes bibliographical references and index.Frontmatter -- Contents -- Prologue -- Introduction -- 1. Money, Banks, and Creditworthiness -- 2. Banking and Finance as Organized Conflict -- 3. Institutions and the Struggle over Creditworthiness in the Nineteenth-Century United States -- 4. Wildcats, Reputations, and the Formation of the Federal Reserve -- 5. Italian Elites and the Centralization of Creditworthiness -- 6. Italian Creditworthiness -- 7. Conclusions -- Appendix. Historical Variation in Banking Power -- References -- Index For decades, the banking industry seemed to be a Swiss watch, quietly ticking along. But the recent financial crisis hints at the true nature of this sector. As Simone Polillo reveals in Conservatives Versus Wildcats, conflict is a driving force. Conservative bankers strive to control money by allying themselves with political elites to restrict access to credit. Barriers to credit create social resistance, so rival bankers—wildcats—attempt to subvert the status quo by using money as a tool for breaking existing boundaries. For instance, wildcats may increase the circulation of existing currencies, incorporate new actors in financial markets, or produce altogether new financial instruments to create change. Using examples from the economic and social histories of 19th-century America and Italy, two decentralized polities where challenges to sound banking originated from above and below, this book reveals the collective tactics that conservative bankers devise to legitimize strict boundaries around credit—and the transgressive strategies that wildcat bankers employ in their challenge to this restrictive stance.Banks and bankingSocial aspectsCase studiesCreditSocial aspectsCase studiesFinanceSocial aspectsCase studiesBanks and bankingSocial aspectsUnited StatesHistory19th centuryBanks and bankingSocial aspectsItalyHistory19th centuryBanks and bankingSocial aspectsCreditSocial aspectsFinanceSocial aspectsBanks and bankingSocial aspectsHistoryBanks and bankingSocial aspectsHistory306.3Polillo Simone1978-1490942MiAaPQMiAaPQMiAaPQBOOK9910792186203321Conservatives versus wildcats3788266UNINA