Journal of Economic Literature
Neal, Larry. The Forgotten Financiers of the Louisiana Purchase: European Bankers, the US, and the Rise of International Finance
2025-06-03
Farley Grubb of University of Delaware reviews “The Forgotten Financiers of the Louisiana Purchase: European Bankers, the US, and the Rise of International Finance” by Larry Neal. The Econlit abstract of this book begins: “Examines the financial details of the Louisiana Purchase of 1803, focusing on the role played by key actors and companies in bringing about financial innovation and facilitating a transaction that doubled the size of the original United States and helped set the country on a path to global power.”