Competition, Government, and Challenges for Little Cactus Bank - Wild West Banking

Explore the fascinating history of Wild West banking through a 37-minute video lecture that delves into the challenges faced by Little Cactus Bank. Follow Norman's journey from a naive mathematician in 1850 to a semi-serious banker just before the Panic of 1873. Examine the bank's balance sheet, shareholder dynamics, financial risks, and competition. Learn about the implementation of checks and transfers, the boom times of 1866-1871, and the role of government supervision. Gain insights into risk analysis, reserve ratios, and the evolution of banking practices in the American frontier.