Book "Amerikas svenska banker"
This book about the Swdish banks in America is written by Tom Petersson at the Department of Economic History, publshed by Dialogos Förlag 2024.
An unknown story about how a number of financial entrepreneurs of Swedish origin established banks and created their own niche in the emerging American banking system.
They founded banks that catered to newly arrived Swedish immigrants. Some banks, such as the Swedish-American Bank of Minneapolis, were successful and attracted thousands of customers, contributing to economic and financial development. Other banks were more short-lived and were accused of deliberately deceiving the new immigrants out of their savings.
This book presents a new perspective on what happened when over a million Swedes emigrated to the USA at the turn of the 20th century, and how important access to financial services is for successful integration into a new society.
Source: Hennepin County Library