This vivid history of the Civil War era reveals how unexpected bonds of union forged among diverse peoples in the Ohio-Kentucky borderlands furthered emancipation through a period of spiraling chaos between 1830 and 1865. Moving beyond familiar arguments about Lincoln's deft politics or regional commercial ties, Bridget Ford recovers the potent religious, racial, and political attachments holding the country together at one of its most likely breaking points, the Ohio River. Living in a bitterly contested region, the Americans examined here--Protestant and Catholic, black and white, northerner and southerner--made zealous efforts to understand the daily lives and struggles of those on the opposite side of vexing human and ideological divides. In their common pursuits of religious devotionalism, universal public education regardless of race, and relief from suffering during wartime, Ford discovers a surprisingly capacious and inclusive sense of political union in the Civil War era. While accounting for the era's many disintegrative forces, Ford reveals the imaginative work that went into bridging stark differences in lived experience, and she posits that work as a precondition for slavery's end and the Union's persistence.

How does one package and sell confidence in the stability of a nation riven by civil strife? This was the question that loomed before the Philadelphia financial house of Jay Cooke & Company,&8239;entrusted&8239;by the US government with an unprecedented sale of bonds to finance the Union war effort in the early days of the American Civil War.&8239;How the government and its agents marketed these bonds revealed a version of the war the public was willing to buy and buy into, based not just in the full faith and credit of the United States but also in the success of its armies and its long-term vision for open markets. From Maine to California, and in foreign halls of power and economic influence,&8239;thousands of agents were deployed to&8239;sell&8239;a clear message: Union victory was unleashing the American economy itself. This fascinating work of&8239;financial and political history&8239;during&8239;the Civil War&8239;era&8239;shows&8239;how the marketing and sale of bonds crossed the Atlantic to Europe and beyond, helping ensure foreign countries' vested interest in the Union's success. Indeed, David K. Thomson demonstrates how Europe, and ultimately all corners of the globe, grew deeply interdependent on American finance during, and in the immediate aftermath of, the American Civil War.&8239;

Many accounts of the secession crisis overlook the sharp political conflict that took place in the Border South states of Delaware, Kentucky, Maryland, and Missouri. Michael D. Robinson expands the scope of this crisis to show how the fate of the Border South, and with it the Union, desperately hung in the balance during the fateful months surrounding the clash at Fort Sumter. During this period, Border South politicians revealed the region's deep commitment to slavery, disputed whether or not to leave the Union, and schemed to win enough support to carry the day. Although these border states contained fewer enslaved people than the eleven states that seceded, white border Southerners chose to remain in the Union because they felt the decision best protected their peculiar institution. Robinson reveals anew how the choice for union was fraught with anguish and uncertainty, dividing families and producing years of bitter internecine violence. Letters, diaries, newspapers, and quantitative evidence illuminate how, in the absence of a compromise settlement, proslavery Unionists managed to defeat secession in the Border South.

Class, race, and gender collide in this insightful examination of the life of Susanna (Susan) Preston Shelby Grigsby (1830–1891)—a white plantation mistress and slaveholder who struggled to participate in the economic modernization of antebellum Kentucky. Drawing on Grigsby's correspondence, author Susanna Delfino uses Grigsby's story to explore the complex cultural and social issues at play in the state's economy before, during, and after the Civil War. Delfino demonstrates that Grigsby engaged in certain kinds of antislavery activism, such as hiring white servants as a way of conveying her support for free labor and avoiding ever selling a slave. Despite her beliefs, however, Grigsby failed to hold to her moral compass when faced with her husband's patriarchal authority or when she experienced serious economic trouble. This compelling study not only illuminates how white women participated in the South's nineteenth-century economy, but also offers new perspectives on their complicity in slavery.

China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.

Ben Wright’s Bonds of Salvation demonstrates how religion structured the possibilities and limitations of American abolitionism during the early years of the republic. From the American Revolution through the eruption of schisms in the three largest Protestant denominations in the 1840s, this comprehensive work lays bare the social and religious divides that culminated in secession and civil war. Historians often emphasize status anxieties, market changes, biracial cooperation, and political maneuvering as primary forces in the evolution of slavery in the United States. Wright instead foregrounds the pivotal role religion played in shaping the ideological contours of the early abolitionist movement. Wright first examines the ideological distinctions between religious conversion and purification in the aftermath of the Revolution, when a small number of white Christians contended that the nation must purify itself from slavery before it could fulfill its religious destiny. Most white Christians disagreed, focusing on visions of spiritual salvation over the practical goal of emancipation. To expand salvation to all, they created new denominations equipped to carry the gospel across the American continent and eventually all over the globe. These denominations established numerous reform organizations, collectively known as the “benevolent empire,” to reckon with the problem of slavery. One affiliated group, the American Colonization Society (ACS), worked to end slavery and secure white supremacy by promising salvation for Africa and redemption for the United States. Yet the ACS and its efforts drew strong objections. Proslavery prophets transformed expectations of expanded salvation into a formidable antiabolitionist weapon, framing the ACS's proponents as enemies of national unity. Abolitionist assertions that enslavers could not serve as agents of salvation sapped the most potent force in American nationalism—Christianity—and led to schisms within the Presbyterian, Baptist, and Methodist churches. These divides exacerbated sectional hostilities and sent the nation farther down the path to secession and war. Wright’s provocative analysis reveals that visions of salvation both created and almost destroyed the American nation.

"This publication has been prepared for use in conjunction with the mid-winter program of the Fidelity & Surety Law Committee of the Tort Insurance Practice Section of the American Bar Association, held in San Francisco, California on January 30, 1998"--P. iii.

Bonds without Borders tells the extraordinary story of how the market developed into the principal source of international finance for sovereign states, supranational agencies, financial institutions and companies around the world. Written by Chris O'Malley – a veteran practitioner and Eurobond market expert- this important resource describes the developments, the evolving market practices, the challenges and the innovations in the Eurobond market during its first half- century. Also, uniquely, the book recounts the development of security and banking regulations and their impact on the development of the international securities markets. In a corporate world crying out for financing, never has an understanding of the international bond markets and how they work been more important.Bonds without Bordersis therefore essential reading for those interested in economic development and preserving a free global market for capital.

Indebtedness, like inequality, has become a ubiquitous condition in the United States. Yet few have probed American cities’ dependence on municipal debt or how the terms of municipal finance structure racial privileges, entrench spatial neglect, elide democratic input, and distribute wealth and power. In this passionate and deeply researched book, Destin Jenkins shows in vivid detail how, beyond the borrowing decisions of American cities and beneath their quotidian infrastructure, there lurks a world of politics and finance that is rarely seen, let alone understood. Focusing on San Francisco, The Bonds of Inequality offers a singular view of the postwar city, one where the dynamics that drove its creation encompassed not only local politicians but also banks, credit rating firms, insurance companies, and the national municipal bond market. Moving between the local and the national, The Bonds of Inequality uncovers how racial inequalities in San Francisco were intrinsically tied to municipal finance arrangements and how these arrangements were central in determining the distribution of resources in the city. By homing in on financing and its imperatives, Jenkins boldly rewrites the history of modern American cities, revealing the hidden strings that bind debt and power, race and inequity, democracy and capitalism.