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.
Preface. 1. Money, Banks and Politics During the Nineteenth Century 2. The Republicans and the Gold Standard Act of 1900 3. Republican Financial Deadlock, 1901-1904. 4. Prelude to Panic, 1905 – 1907 5. Panic and Reaction, 1907-1910 6. Wall Street Consolation, 1911. 7. Toward Self-Regulation, 1911. 8. The Aldrich Plan, 1911. 9. The Counteroffensive, 1912-1913. 10. Conclusion: The Democrats’ Ambiguous Financial Legacy. Bibliography. Index.
Current interest in the history of money and banking remains strong and it is opportune to survey developments both in the UK, USA, Europe and Asia. This set provides historical analysis which incorporates research from the early twentieth century onwards in a form that is both accessible to students of money & banking and economists, economic historians and bankersThis set re-issues 38 volumes originally published between 1900 and 2000. It charts the history of early banking, discusses banking in the UK, Europe,Japan and the USA, analyses banks as multinationals, the UK mortgage market, banking policy and structure and examines specific sectors such as gilts and gold.