Abstract:

In the early history of financial development of the United States of America Philadelphia was once the first domestic financial center. But only after several decades New York replaced it and became the new domestic financial center. In the process of such a change four basic factors played important roles, namely, political center, amount of the commercial trade, regional economic power, and innovation of the financial system. Of these four factors the political center contributed more to the early stage of the domestic financial center. However, with the development of national economy its importance has weakened. On the contrary, the other three factors will become the decisive strength to the formation development and solidification of the domestic financial center.

Key words: political center, domestic financial center, changes