Rethinking the Jacksonian Economy: The Impact of the 1832 Bank Veto on Commercial Banking
重新审视传统派与新经济史学家关于杰克逊总统打击第二银行短期货币影响的争论，提出新论据支持传统派，发现第二银行的移除确实放大了商业银行的繁荣，并加剧了边疆土地和州债务的泡沫。
Revisiting an old debate between “traditional” historians and “New” economic historians about the short-run monetary effects of President Jackson's war on the Second Bank, I offer new arguments for the traditionalists. I develop a framework accounting for growth in commercial bank credit based on the “investment club” characteristics of antebellum state-chartered banking and apply it to state bank balance sheet data for 1830–1836. The removal of the Second Bank indeed magnified the boom in commercial banking, and the replacement of Second Bank branches with state-chartered banks as lenders and federal government depositories amplified the boom in frontier lands and state debt.