Banks and Politics During the Progressive Era (RLE Banking & Finance) PDF Download
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Author: Richard T McCulley
Publisher: Routledge
ISBN: 1136301186
Category : Business & Economics
Languages : en
Pages : 362
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Book Description
Despite the political potency of money and banking issues, historians have largely dismissed the Progressive Era political debate over banking as irrelevant and have been preoccupied with explaining the shortcomings, limitations and inadequacies of the Federal Reserve Act. The picture that has emerged is one of bankers controlling the course of financial reform with the assistance of political leaders who were either subservient, hopelessly naive or insincere in their public opposition to bankers. This book places their exertions in a larger, unfolding political context and traces in an analytical narrative the interplay of sectional and economic interests, political ideologies and partisan clashes that shaped the course of banking reform.
Author: Richard T McCulley
Publisher: Routledge
ISBN: 1136301186
Category : Business & Economics
Languages : en
Pages : 362
Get Book Here
Book Description
Despite the political potency of money and banking issues, historians have largely dismissed the Progressive Era political debate over banking as irrelevant and have been preoccupied with explaining the shortcomings, limitations and inadequacies of the Federal Reserve Act. The picture that has emerged is one of bankers controlling the course of financial reform with the assistance of political leaders who were either subservient, hopelessly naive or insincere in their public opposition to bankers. This book places their exertions in a larger, unfolding political context and traces in an analytical narrative the interplay of sectional and economic interests, political ideologies and partisan clashes that shaped the course of banking reform.
Author: Richard T. McCulley
Publisher:
ISBN: 9780415520867
Category : Banks and banking
Languages : en
Pages : 341
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Book Description
Author: Richard T. McCulley
Publisher:
ISBN: 9780415520867
Category : Banks and banking
Languages : en
Pages : 341
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Book Description
Author: Richard T. McCulley
Publisher:
ISBN:
Category : Banking law
Languages : en
Pages : 0
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Book Description
Author: Melanie Apel
Publisher: The Rosen Publishing Group, Inc
ISBN: 9781404201965
Category : History
Languages : en
Pages : 38
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Book Description
Describes the Federal Reserve Bill and how it dramatically changed the banking system of the United States in the early twentieth century.
Author: Richard Todd McCulley
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 964
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Book Description
Author: Roger Lowenstein
Publisher: Penguin
ISBN: 0143109847
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
A tour de force of historical reportage, America’s Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America’s modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans’ mistrust of big government and of big banks—a legacy of the country’s Jeffersonian, small-government traditions—was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America’s burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and—improbably—a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act. Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America’s Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians. Lowenstein focuses on the four men at the heart of the struggle to create the Federal Reserve. These were Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified by the primitive condition of America’s finances; Rhode Island’s Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious, if then little-known, Virginia congressman who chaired the House Banking Committee at a crucial moment of political transition; and President Woodrow Wilson, the academician-turned-progressive-politician who forced Glass to reconcile his deep-seated differences with bankers and accept the principle (anathema to southern Democrats) of federal control. Weaving together a raucous era in American politics with a storied financial crisis and intrigue at the highest levels of Washington and Wall Street, Lowenstein brings the beginnings of one of the country’s most crucial institutions to vivid and unforgettable life. Readers of this gripping historical narrative will wonder whether they’re reading about one hundred years ago or the still-seething conflicts that mark our discussions of banking and politics today.
Author: Joyce Goldy Skeels
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 634
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Book Description
Author: Richard T. McCulley
Publisher: Routledge
ISBN: 0415528542
Category : Business & Economics
Languages : en
Pages : 362
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Book Description
Despite the political potency of money and banking issues, historians have largely dismissed the Progressive Era political debate over banking as irrelevant and have been preoccupied with explaining the shortcomings, limitations and inadequacies of the Federal Reserve Act. The picture that has emerged is one of bankers controlling the course of financial reform with the assistance of political leaders who were either subservient, hopelessly naive or insincere in their public opposition to bankers. This book places their exertions in a larger, unfolding political context and traces in an analytical narrative the interplay of sectional and economic interests, political ideologies and partisan clashes that shaped the course of banking reform.
Author: Benjamin Parke DeWitt
Publisher: Routledge
ISBN: 1351476076
Category : History
Languages : en
Pages : 426
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Book Description
Benjamin Parke DeWitt's study of the Progressive Era represents a comprehensive history of the theory and practice of politics from a progressive perspective. His account of the history and projections about the future of the progressive science of politics provided the American liberal-progressive tradition with its first full narrative history at a time when it was not yet the dominant interpretation of the American political order. Its greatest importance, however, lies in DeWitt's conception of where the broad-based progressive critique of the Founders' was heading.DeWitt's history of the origins and projected destiny of the progressive tradition commands a respect that places him in the same company as better-known writers. His historical narrative of the liberal progressive tradition was implicit among a number of writers before the Progressive Movement, but no contemporary writer provided a better roadmap of where progressivism was going than DeWitt. What gives DeWitt's critique a twist is his focus on the individualism of the founders, which he regards as the heart of their anti-democratic principles. His critique of this individualism is the foundation for his argument that collectivism is arguably a more democratic alternative.Benjamin Parke DeWitt is one of the lesser-known, often overlooked writers who worked to establish the liberal library of American political thought. This book deserves to be read as one of the neglected gems of the Progressive Era that it chronicles. This is an important addition to the Library of Liberal Thought series.
