Banks and Politics in America from the Revolution to the Civil War

Forside
Princeton University Press, 1991 - 771 sider

This is a book about politics and banks and history. Yet politicians who read it will see that the author is not a politician, bankers who read it will see that he is not a banker, and historians that he is not an historian. Economists will see that he is not an economist and lawyers that he is not a lawyer.

With this rather cryptic and exhaustive disclaimer, Bray Hammond began his classic investigation into the role of banking in the formation of American society. Hammond, who was assistant secretary of the Board of Governors of the Federal Reserve System from 1944 to 1950, presented in this 771-page book the definitive account of how banking evolved in the United States in the context of the nation's political and social development.

Hammond combined political with financial analysis, highlighting not only the in.uence politicians exercised over banking but also how banking drove political interests and created political coalitions. He captured the entrepreneurial, expansive, risk-taking spirit of the United States from earliest days and then showed how that spirit sometimes undermined sound banking institutions. In Hammond's view, we need central banks to keep the economy on an even keel. Historian Richard Sylla judged the work to be "a wry and urbane study of early U.S. financial history, but also a timeless essay on how Americans became what they are." Banks and Politics in America won the Pulitzer Prize for history in 1958.

 

Innhold

The Setting 16941781
xi
The First American Bank Philadelphia 17811787
36
The Start in New York Boston and Baltimore 17841790
61
Money Banking and the Federal Constitution 17871791
85
The Bank of the United States 17911811
110
Politics and the Growth of Banking 17911816
140
Failures and Restraints 17911820
168
The Federal Bank in Operation and Extinction 17911811
193
Panic Suspension Resumption 18371838
447
The Foundering of the United States Bank of Pennsylvania 18391841
496
The Suffolk Bank the Safety Fund Briscoe v Bank of Kentucky 18191865
545
Free Banking in New York and Michigan 18351865
568
The West Monopoly Prohibition Laisser Faire and Regulation 18301865
601
20 Banking in Canada before Confederation 17921867
627
Practice and Panic 18531857
667
Federal Monetary Control Restored 18631865
714

War Suspension and Resumption 18121816
223
The New Federal Bank 18161822
247
Nicholas Biddle 18221828
282
The Jacksonians 18291841
322
The Assault on the Federal Bank 18291832
365
The Federal Bank Destroyed 18321836
401
Retrospect
736
Acknowledgements
742
Works Cited
743
Index
757
Opphavsrett

Vanlige uttrykk og setninger

Om forfatteren (1991)

Bray Hammond (1886-1968) was Assistant Secretary of the Board of Governors of the Federal Reserve System from 1944 to 1950.

Bibliografisk informasjon