4. Innovating Means of Payment in Chile, 1840s–1860

2016
OriginalPaper
Chapter

Published in:

Author: César Ross
Published in: The Book of Payments
Publisher: Palgrave Macmillan UK

Read first chapter Log in

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

The post-independence economic vitality in Chile created conditions for innovation in the field of payments. Some attempts to create tickets (informal emissions) by business houses were quickly banned. Until then, the dominant idea was to devise means of payment only as coins minted in metal, such as gold, silver, copper and alloys. Despite this prohibition, the demand for means of payment in the 1840s increased along with the growth of the economy. Only in 1860, with the creation of the General Banking Law, were banks allowed to print their own money. With this development, the possibility of innovation in issuing payment methods was developed.

Please log in to get access to your license.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Business + Economics & Engineering + Technology"

Online-Abonnement

Springer Professional "Business + Economics & Engineering + Technology" gives you access to:

more than 102.000 books
more than 537 journals

from the following subject areas:

Automotive
Construction + Real Estate
Business IT + Informatics
Electrical Engineering + Electronics
Energy + Sustainability
Finance + Banking
Management + Leadership
Marketing + Sales
Mechanical Engineering + Materials
Insurance + Risk

Secure your knowledge advantage now!

inform now

Springer Professional "Business + Economics"

Online-Abonnement

Springer Professional "Business + Economics" gives you access to:

more than 67.000 books
more than 340 journals

from the following specialised fileds:

Construction + Real Estate
Business IT + Informatics
Finance + Banking
Management + Leadership
Marketing + Sales
Insurance + Risk

Secure your knowledge advantage now!

inform now

previous chapter The Banknote, a Momentous Innovation in Spain

next chapter The Many Monies of King Cotton: Domestic and Foreign Currencies in New Orleans, 1856–1860

Metadata
Footnotes
Literature

Title: Innovating Means of Payment in Chile, 1840s–1860
Author: César Ross
Publisher: Palgrave Macmillan UK
Book: The Book of Payments
Print ISBN: 978-1-137-60230-5

Electronic ISBN: 978-1-137-60231-2

Copyright Year: 2016
DOI: https://doi.org/10.1057/978-1-137-60231-2_4

This content is only visible if you are logged in and have the appropriate permissions.