In Gold Rush–era California, banking and the financial sector evolved in often distinctive ways because of the Gold Rush economy. More importantly, the abundance of gold on the West Coast provided an interesting test case for some of the critical economic arguments of the day, especially for those deriving from the descending—but still powerful—positions of the “hard money” Jacksonians.
Schweikart, L., & Doti, L. P. (2016). From hard money to branch banking. California History, 93(1), 26–44. http://doi.org/10.1525/ch.2016.93.1.26
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