Banking Reform and the Federal Reserve, 1863-1923

Banking Reform and the Federal Reserve, 1863-1923
Author: Robert Craig West
Publisher: Cornell University Press
Total Pages: 254
Release: 2019-06-30
Genre: Business & Economics
ISBN: 1501743848

Offering new perspectives on the early years of the Federal Reserve system, this book evaluates the banking reform movement and its results. Professor West analyzes the system's first decade in the context of the thought of the period and of what preceded the Federal Reserve Act of 1913. Neither the Act itself nor the actions of the system it created, he maintains, can be understood without knowledge of the banking reform attempts. In this clearly written account of the American central bank, the author demonstrates the relationship between the evolution of monetary ideas and the evolution of an organizational structure. His book will be of great value to students and scholars of economic history, money and banking, institutional economics, and American history.

Reform of the Federal Reserve System in the Early 1930s

Reform of the Federal Reserve System in the Early 1930s
Author: Sue C. Patrick
Publisher: Routledge
Total Pages: 450
Release: 2017-08-07
Genre: Business & Economics
ISBN: 1351675567

This book, first published in 1993, examines in detail the bureaucratic and political manoeuvring surrounding the enactment of banking and monetary reforms in the 1930s. Although banking reform influenced the politics of both the Hoover and Roosevelt presidencies, most surveys devote only a few pages to monetary disturbances and the reforms passed as a result.

Origins of the Federal Reserve System

Origins of the Federal Reserve System
Author: James Livingston
Publisher: Cornell University Press
Total Pages: 253
Release: 2018-08-06
Genre: History
ISBN: 1501724711

The rise of corporate capitalism during the late 19th and early 20th centuries has long been a source of lively debate among historians. In Origins of the Federal Reserve System, James Livingston approaches this controversial topic from a fresh perspective, asking how, during this era, a "new order of corporation men" made itself the preeminent source of knowledge on all significant economic issues and thereby changed the character of public and political discourse in the United States. The book seeks to uncover the roots of the Federal Reserve System and to explain the awakening and articulation of class consciousness among America's urban elite, two phenomena that its author sees as inseparable. According to Livingston, the movement for banking and monetary reform that led to the creation of the Federal Reserve System played an important role in the general transition from entrepreneurial to corporate capitalism: it was during this struggle for reform that a group of business leaders first emerged as a new corporate social class. This interdisciplinary account of the social, cultural, and intellectual Origins of the Federal Reserve System offers both a discussion of the sources of modern public policy and a persuasive study of upper-class formation in the United States. The book will interest a wide audience of historians, economists, political scientists, sociologists, and others who wish to understand the rise of America's corporate elite, the class that has played a large-if not dominant-role in 20thcentury America.

The Federal Reserve Act

The Federal Reserve Act
Author: Melanie Apel
Publisher: The Rosen Publishing Group, Inc
Total Pages: 38
Release: 2006-01-15
Genre: History
ISBN: 9781404201965

Describes the Federal Reserve Bill and how it dramatically changed the banking system of the United States in the early twentieth century.

Banks and Politics During the Progressive Era

Banks and Politics During the Progressive Era
Author: Richard T. McCulley
Publisher: Routledge
Total Pages: 362
Release: 2012-05-25
Genre: Business & Economics
ISBN: 0415528542

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.

The Great Debate on Banking Reform

The Great Debate on Banking Reform
Author: Elmus Wicker
Publisher: Ohio State University Press
Total Pages: 25
Release: 2005
Genre: Business & Economics
ISBN: 0814210007

"Eminent historian of economics Elmus Wicker examines the events which spurred a series of banking panics beginning in 1893-94, that led to the creation of the U.S. Federal Reserve Bank twenty years later. A serious lacuna exists in the literature on the origins of the Federal Reserve System. What is absent is a fair appraisal of the role Senator Nelson Aldrich, prominent Rhode Island senator, played. Carter Glass captured the acclaim while asserting that Aldrich be granted equal billing with Glass as "fathers" of the Federal Reserve System."--BOOK JACKET.

The Regulation and Reform of the American Banking System, 1900-1929

The Regulation and Reform of the American Banking System, 1900-1929
Author: Eugene Nelson White
Publisher: Princeton University Press
Total Pages: 268
Release: 2014-07-14
Genre: Business & Economics
ISBN: 1400857449

Examining the regulation of banking in the United States between 1900 and the Great Depression, Eugene Nelson White shows how Congress and the state legislatures tried to strengthen the banking system by creating new institutions, rather than by changing nineteenth-century laws that perpetuated the unit structure of the banking industry. Originally published in 1983. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

The International Origins of the Federal Reserve System

The International Origins of the Federal Reserve System
Author: J. Lawrence Broz
Publisher: Cornell University Press
Total Pages: 286
Release: 2018-10-18
Genre: Political Science
ISBN: 1501722379

The Federal Reserve Act of 1913 created the infrastructure for the modern American payments system. Probing the origins of this benchmark legislation, J. Lawrence Broz finds that international factors were crucial to its conception and passage. Until its passage, the United States had suffered under one of the most inefficient payment systems in the world. Serious banking panics erupted frequently, and nominal interest rates fluctuated wildly. Structural and regulatory flaws contributed not only to financial instability at home but also to the virtual absence of the dollar in world trade and payments.Key institutional features of the Federal Reserve Act addressed both these shortcomings but it was the goal of internationalizing usage of the dollar that motivated social actors to pressure Congress for the improvements. With New York bankers in the forefront, an international coalition lobbied for a system that would reduce internal problems such as recurring panics, and simultaneously allow New York to challenge London's preeminence as the global banking center and encourage bankers to make the dollar a worldwide currency of record. To those who organized the political effort to pass the Act, Broz contends, the creation of the Federal Reserve System was first and foremost a response to international opportunities.