Protecting Small Savers: The Political Economy of Economic Security
ORCiD
0000-0002-9342-3285
Document Type
Article
Publication Title
Journal of Policy History
ISSN
0898-0306
Volume
18
Issue
1
First Page
126
Last Page
145
Publication Date
1-1-2006
Abstract
The article presents an analysis on the regulation of savings banks in the nineteenth-century U.S. to ensure the economic security of small savers. During the nineteenth century, various governmental institutions including, state legislatures and courts designed an enduring and effective regulatory regime to protect small savers from the risks of the financial market. By crafting and implementing legal rules for savings banks that favored stability over competition and security over high returns, law-makers enshrined the economic security of the household as a paramount policy goal.
Recommended Citation
Wadhwani, R. D.
(2006).
Protecting Small Savers: The Political Economy of Economic Security.
Journal of Policy History, 18(1), 126–145.
https://scholarlycommons.pacific.edu/esob-facarticles/16