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Banks and Politics During the Progressive Era (RLE Banking & Finance): The Origins of the Federal Reserve System, 1897–1913
Author(s): Richard McCulley (Author)
- Publisher: Routledge
- Publication Date: 25 May 2012
- Edition: 1st
- Language: English
- Print length: 354 pages
- ISBN-10: 0415528542
- ISBN-13: 9780415528542
Book Description
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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