America's Bank: The Epic Struggle to Create the Federal Reserve
| Author | : | |
| Rating | : | 4.39 (595 Votes) |
| Asin | : | 1594205493 |
| Format Type | : | paperback |
| Number of Pages | : | 368 Pages |
| Publish Date | : | 2017-03-31 |
| Language | : | English |
DESCRIPTION:
He forgot to mention the far more important 1918 Amendment to the Federal Reserve Act Michael A. Holt This is a much more substantive book than either "The Creature from Jekyll Island" or "Lords of Finance: The Bankers Who Broke the World" which won the Pulitzer Prize for History in 2010.However, I was very disappointed that it failed to mention the 1918 Amendment to the 1913 Federal Reserve Act. The 1918 Amendment was at least as important as the creation of the Federal Reserve since it was the genesis of the Federal Reserve's "Open Market Operations," and essentially converted the Federal Reserve from a banker of last resort to a policy-mak. "Terrific read" according to Amazon Customer. With all the crazy nonsense about the Fed floating around, it was nice to learn a bit more about the history of the Fed. I especially enjoyed leaning about the motives fueling the drive to reform the US banking system prior to the Fed legislation passing. Very well written.. Jim Gibbons said Great read. Excellent story of the turn of the century background and political intrigue behind the creation of the Federal Reserve. Brought to mind many present day political battles and misunderstandings of our financial ststem.
But political will for reform was lacking. Each bank was left to stand on its own, with no central reserve or lender of last resort. 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. Aldrich, the reigning power broker in the U.S. 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. It took an economic meltdown, a high-level tour of Europe, and&mdas
He has three children and lives with his wife in Newton, Massachusetts. His books include Buffett, When Genius Failed, Origins of the Crash, While America Aged, and The End of Wall Street. ROGER LOWENSTEIN reported for The Wall Street Journal for more than a decade. . His work has appeared in The Wall Street Journal, Bloomberg , The New York Review of Books, Fortune, The New York Times Magazine, a
“As Roger Lowenstein tells it in ‘America’s Bank,’ an illuminating history of the Fed’s unlikely origin story, the central bank represented an ambitious — and not entirely successful — effort to resolve several long-standing tensions that lay at the heart of the American experiment in self-government: East Coast vs. Main Street. rural ones, mercantile vs. Captivating and enlightening, this book brings a pivotal time in American history to life.” -Publishers Weekly “His well-researched account for general readers takes us from Aldrich's secret meeting with leading Wall Street figures on Jekyll Island, off the Georgia coast, to plot banking reforms, to Woodrow Wilson's Princeton bedchamber, where the ill president persuaded Virginia Congressman Carter Glass of a key compromise to ensure creation of