Banks and Economic Development in Post-Revolutionary Northern Virginia, 1790–1812

1999 ◽  
Vol 73 (1) ◽  
pp. 1-39 ◽  
Author(s):  
A. Glenn Crothers

In order to facilitate commercial transactions and economic investment after the American Revolution, many inhabitants of northern Virginia became convinced that the region needed financial institutions. Indeed, most politically active residents of the region—at least after the 1790s—saw banks as crucial agents of economic development. Thus, the philosophy of “agrarian republicans” such as Thomas Jefferson and John Taylor of Carolina—who saw banks as monopolistic and anti-republican institutions—had limited appeal in the region. Moreover, the banks of northern Virginia were not controlled by planters who sought capital to finance the purchase of slaves and land. Instead, banks supported a wide range of economic endeavors—agriculture, industry, internal improvement projects, and commercial activities. The broadening access to bank capital in northern Virginia reveals that in the South—as in the northern states—there was a “democratization” of banking in the years after Revolution.

2020 ◽  
Vol 3 (1) ◽  
pp. 18-43
Author(s):  
Hisyam Ahyani ◽  
Elah Nurhasanah

The development of Islamic economics is in a position to develop forward to very rapidly (Up to date), this starts with the emergence of several sharia financial institutions that have emerged along with efforts to accelerate economic growth in the community. Among the characteristics of the Islamic economic system is the emergence of demands to put more emphasis on the legal aspects and Islamic business ethics. So that the existing system in the Islamic economy there is an obligation to apply the principles of sharia and Islamic business ethics as well. Philosophically why the principles in Islamic economics must meet several criteria, including the principles of worship (al-tauhid), equality (al-musawat), freedom (al-hurriyat), justice (al-'adl), help- help (al-ta'awun) and tolerance (al-tasamuh). The strategic role of Islamic economics provides a very positive power for accelerating economic development in Indonesia through business partnerships with small and medium businesses. Empowerment of Islamic economics through a business partnership between Islamic financial institutions and small and medium businesses by developing real sector business activities in agriculture, such as agriculture, industry and trade as well as Islamic financial services and institutions, needs to be empowered and carried out to encourage the acceleration of national economic development and efforts to improve the economic welfare of the Indonesian people themselves.


1984 ◽  
Vol 15 ◽  
pp. 153-155 ◽  
Author(s):  
J. A. Allan

AbstractLibya's further economic development depends on the careful use of its coastal aquifers and the economic exploitation of the substantial but remote groundwater resources of the south. The former have been seriously impaired by over-use and the Libyan government has decided to assure water supplies for agriculture, industry and for urban use by moving up to 3 km3 per year of fossil groundwater to the Gulf of Surt and later to the Gefara Plain. The article discusses the scope and significance of the plans and comments on the agricultural implications and the likely ultimate use of the water.


Author(s):  
Petro Makarenko ◽  
◽  
Olena Judina ◽  

The article substantiates the methodological tools for the formation of the mechanism for implementing the strategy of sustainable economic development of the hotel and restaurant industry. To ensure the operation of the mechanism, a system of indicators and criteria for assessing the process of sustainable economic development, based on accelerating the growth of efficiency and reducing operating costs through reserve and progressive development of resource potential of the enterprise. The paper identifies the stages of sustainable economic development of the enterprise, which include: identification, grouping and analysis of factors of progressive and reserve development, their classification and determining the degree of influence on the growth of operational (production and administrative and marketing) activities, progressive development of resource potentials; development of regression models and indicators of progressive, reserve and sustainable (static and dynamic) economic development, which explain the patterns of influence of factors on performance indicators; forecasting the parameters of efficiency and cost of production and commercial activities; formation of the volume and structure of investments by types of capital investments that ensure the progressive development of resource potentials, economic growth and sustainability of the enterprise. A methodology for creating regression models and indicators was developed, which provided an opportunity to assess and predict the ratio of resource costs and the level of operational efficiency, as well as change the performance indicator by changing the values of factor parameters or their total value in different combinations. The algorithm of the organizational and economic mechanism of realization of strategy of management of steady economic development of the enterprise of hotel and restaurant sphere is constructed. This algorithm provided the ability to determine the reserves of available resources, as well as to establish the required size and structure of capital investments that reduce costs and increase the efficiency of production and administrative activities.


Anticorruption in History is the first major collection of case studies on how past societies and polities, in and beyond Europe, defined legitimate power in terms of fighting corruption and designed specific mechanisms to pursue that agenda. It is a timely book: corruption is widely seen today as a major problem, undermining trust in government, financial institutions, economic efficiency, the principle of equality before the law and human wellbeing in general. Corruption, in short, is a major hurdle on the “path to Denmark”—a feted blueprint for stable and successful statebuilding. The resonance of this view explains why efforts to promote anticorruption policies have proliferated in recent years. But while the subjects of corruption and anticorruption have captured the attention of politicians, scholars, NGOs and the global media, scant attention has been paid to the link between corruption and the change of anticorruption policies over time and place. Such a historical approach could help explain major moments of change in the past as well as reasons for the success and failure of specific anticorruption policies and their relation to a country’s image (of itself or as construed from outside) as being more or less corrupt. It is precisely this scholarly lacuna that the present volume intends to begin to fill. A wide range of historical contexts are addressed, ranging from the ancient to the modern period, with specific insights for policy makers offered throughout.


2020 ◽  
Vol 51 (3) ◽  
pp. 457-483
Author(s):  
Mònica Ginés-Blasi

Chinese immigration to the Philippines has traditionally been studied in relation to commercial activities. But between 1850 and 1898, there was an unparalleled influx of Chinese labourers, which raised the number of Chinese residents to 100,000. This influx was fuelled by the abundant profits obtained by Chinese brokers and foremen, Spanish institutions and authorities in Manila, consuls in China, and Spanish and British ship captains, all of whom extracted excessive fees and taxes from the labourers. The trade in and the exploitation of Chinese labourers in the Philippines have yet to be thoroughly researched. This article shows that the import and abuse of Chinese labourers in and to the Philippines continued throughout the second half of the nineteenth century, and that, despite some anti-Chinese Spanish colonial rhetoric, a wide range of actors and institutions, both in China and in the Philippines, took advantage of this unprecedented inflow of immigrants.


2019 ◽  
Author(s):  
Shintia Mustika ◽  
Doni Marlius

Bank are financial institutions that play a role in supporting economic development in a region, where the activitiesof raising funds and channeling funds in the form of loans or lending is a from of money circulation to stabilize the economy. The purpose of this study was to conduct an analysis of the level of bank financial health of the PT. Bank Perkreditan Rakyat (BPR) Batang Palangki, for the years 2014-2018. Historical data is taken from bank financial reports that have been published. Analysis of bank financial soundness using the CAMEL method (Capital, Assets, Management, Earning, Liquidity). The results showed that the 2014-2018 PT. BPR Batang Palangki financial health level showed a healthy category, where the average value of the CAR ratio was 28,66%, the KAP ratio was 1,15%, the NPM ratio was 24,88%, the ROA ratio was 3,38%, BOPO ratio of 74,83%, and LDR ratio of 56,30%. It is expected that in the in the future BPR Batang Palangki can continue to maintained according to the provisions that apply.


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