Foreign Bondholders and American State Debts (Paperback)

by Reginald C. McGrane (Author)

Editorial Reviews

Book Description
An engrossing account of repudiated early debts of certain American states and the repercussions to the unpaid foreign investors.

From the Publisher
This engrossing recital of unpaid early debts of certain American states sheds light on the problems confronting foreign investors in the collection of debts due them when repudiated by whole communities. Attention is given to the political and economic background of those debts, to the inducements held out to investors to purchase the state securities, to the part played by the press of debtor and creditor countries in aiding or obstructing the final debt settlements, and to the economic and international repercussions of these debts. Revealed are the evils of weak banking systems, the dangers inherent in the too rapid development of public works, the methods employed in the marketing of these states' securities, the political and economic atmosphere in which repudiation doctrines were generated, and the part played by the press and by the courts in mobilizing public opinion, either for or against the payment of debts. A fascinating insight for the specialist as well as any scholar of finance or history.

• Paperback: 424 pages
• Publisher: Beard Books (March 2000)
• Language: English
• ISBN-10: 1893122948
• ISBN-13: 978-1893122949
• Product Dimensions: 9 x 6 x 1.1 inches
• Shipping Weight: 1.7 pounds (View shipping rates and policies)
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• Amazon.com Sales Rank: #3,454,529 in Books (See Bestsellers in Books)
  
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• Also Available in: Unknown Binding  |  All Editions