Americas Bank: The Epic Struggle to Create the Federal Reserve Lowenstein RogerPaperback
Americas Bank: The Epic Struggle to Create the Federal Reserve Lowenstein RogerPaperback A tour de force of historical reportage, America's Bank illuminates the tumultuous era and remarkable…
Specifikacia Americas Bank: The Epic Struggle to Create the Federal Reserve Lowenstein RogerPaperback
Americas Bank: The Epic Struggle to Create the Federal Reserve Lowenstein RogerPaperback
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. 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. 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.
The real-world consequences of this chaotic and provincial system were frequent financial Each bank was left to stand on its own, with no central reserve or lender of last resort.
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