ABSTRACT
Building upon this new ideas and data, a general reappraisal of past monetary and nancial history marked the 1960s. Milton Friedman, Anna Schwartz and Philip Cagan1 at the NBER were among the main contributors to this sec-
ond step, but they were joined by many, most notably John Gurley and Edward Shaw,2 Alexander Gerschenkron and Raymond Goldsmith. Economic history started then to accumulate many documented cases and new pools of data related to nancial issues, banks and crises. But the last two authors provided economist historians with two key elements.
