Banks and Politics During the Progressive Era (RLE Banking & Finance)

By Richard T McCulley

© 2012 – Routledge

348 pages

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Paperback: 9780415751650
pub: 2014-03-09
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Hardback: 9780415528542
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About the Book

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.

Table of Contents

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.

About the Series

Routledge Library Editions: Banking & Finance

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS027000
BUSINESS & ECONOMICS / Finance
REF000000
REFERENCE / General