HISTORY 100AC Lecture Notes - Lecture 14: United States Treasury Security, Gilded Age, Dual-Purpose Gun
21 Feb 2018
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Document Summary
The ambulance service of capitalism : ethnic savings banks and mutual building societies. The rise of urban savings bank: used to be for charity by allowing the poor save their money to stop them from. Becoming drunk , essentially policing the morality of people"s deposits/accounts: developed much broader economic ideology. The bank in expanding economy: when money is put into the bank, the money circulates across the nation and abroad as it is lended, dispersed, and invested. Ethnic immigrant saving banks: hibernia savings and loan in san francisco was founded in 1860 for irish immigrants. Invested in local san francisco real estate and construction through savings of. Irish immigrants: becomes a big player, building roads for the city . Risk in a volatile economy: entrance of industrial capitalism, surplus labor, global market integration, oppresses state apparatus makes the gilded age.
