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Banks and Politics During the Progressive Era: The Origins of the Federal Reserve System, 1897–1913

Banks and Politics During the Progressive Era: The Origins of the Federal Reserve System, 1897–1913
Date: June 14th, 2012
ISBN: 0415751659
Language: English
Number of pages: 342 pages
Format: EPUB
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.

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