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Roger Lowenstein America's Bank (Paperback)
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eBay item number:315073147840
Item specifics
- Condition
- Book Title
- America's Bank : the Epic Struggle to Create the Federal Reserve
- Publication Name
- America's Bank
- Title
- America's Bank
- Subtitle
- The Epic Struggle to Create the Federal Reserve
- ISBN-10
- 0143109847
- EAN
- 9780143109846
- ISBN
- 9780143109846
- Publisher
- Penguin Publishing Group
- Format
- Trade Paperback
- Release Year
- 2016
- Release Date
- 18/10/2016
- Language
- English
- Country/Region of Manufacture
- US
- Item Height
- 0.8in
- Item Length
- 8.4in
- Item Width
- 5.5in
- Item Weight
- 12.2 Oz
- Genre
- Business & Economics, History
- Topic
- Banks & Banking, United States / 20th Century, Money & Monetary Policy, Corporate & Business History
- Publication Year
- 2016
- Number of Pages
- 368 Pages
About this product
Product Information
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 legislat∨ 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.
Product Identifiers
Publisher
Penguin Publishing Group
ISBN-10
0143109847
ISBN-13
9780143109846
eBay Product ID (ePID)
219626794
Product Key Features
Book Title
America's Bank : the Epic Struggle to Create the Federal Reserve
Format
Trade Paperback
Language
English
Topic
Banks & Banking, United States / 20th Century, Money & Monetary Policy, Corporate & Business History
Publication Year
2016
Genre
Business & Economics, History
Number of Pages
368 Pages
Dimensions
Item Length
8.4in
Item Height
0.8in
Item Width
5.5in
Item Weight
12.2 Oz
Additional Product Features
Lc Classification Number
Hg2563l69 2016
Copyright Date
2016
Lccn
2016-304620
Dewey Decimal
332.1/10973
Intended Audience
Trade
Dewey Edition
23
Illustrated
Yes
Item description from the seller
Seller assumes all responsibility for this listing.
eBay item number:315073147840
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