Unsettled Account: The Evolution of Banking in the Industrialized World since 1800

Richard S. Grossman explores the intricate history of banking in the industrialized world, tracing its evolution from 1800 to the present. The book delves into the transformation of commercial banks and their pivotal role in shaping economies and societies. Through detailed analysis, Grossman illustrates how banking practices adapted to the challenges and opportunities presented by industrialization, regulatory changes, and technological advancements.

As he unfolds the narrative, the author draws connections between historical events and the current financial landscape, highlighting the complexities of banking that continue to influence global markets. This comprehensive examination is essential for anyone interested in understanding the forces that have shaped modern banking practices and the implications for the future.