The rise of corporate capitalism during the late 19th and early 20th centuries has long been a source of lively debate among historians. In Origins of the Federal Reserve System, James Livingston approaches this controversial topic from a fresh perspective, asking how, during this era, a "new order of corporation men" made itself the preeminent source of knowledge on all significant economic issues and thereby changed the character of public and political discourse in the United States. The book seeks to uncover the roots of the Federal Reserve System and to explain the awakening and articulation of class consciousness among America's urban elite, two phenomena that its author sees as inseparable. According to Livingston, the movement for banking and monetary reform that led to the creation of the Federal Reserve System played an important role in the general transition from entrepreneurial to corporate capitalism: it was during this struggle for reform that a group of business leaders first emerged as a new corporate social class. This interdisciplinary account of the social, cultural, and intellectual Origins of the Federal Reserve System offers both a discussion of the sources of modern public policy and a persuasive study of upper-class formation in the United States. The book will interest a wide audience of historians, economists, political scientists, sociologists, and others who wish to understand the rise of America's corporate elite, the class that has played a large-if not dominant-role in 20thcentury America.
Probing the origins of this benchmark legislation, J. Lawrence Broz finds that international factors were crucial to its conception and passage.
This book contains essays presented at a conference held in November 2010 to mark the centenary of the famous 1910 Jekyll Island meeting of leading American financiers and the US Treasury.
Origins of the Federal Reserve, The
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and ...
"In this well-organized book, Ben Bernanke tells the story of the Fed from its founding to the recent financial crisis. Bernanke's rendering is coherent and compelling.
Livingston here approaches this controversial topic from a fresh perspective, asking how a 3new order of corporate men2 made itself the preeminent source of knowledge on all significant economic issues and thereby changed the character of ...
On Reed, see Daniel McCarthy, “Show Me a Statesman,” The University Bookman 46, no. 3 (Fall 2008), a review of Lee Meriwether's Jim Reed, Senatorial Immortal) that is available at ...
This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits.
"Eminent historian of economics Elmus Wicker examines the events which spurred a series of banking panics beginning in 1893-94, that led to the creation of the U.S. Federal Reserve Bank twenty years later.
C. R. McKay, deputy governor at Chicago, reported that the Chicago directors opposed any open market purchases and expressed “very little concern” about moving the harvest to market. The banks could rediscount if a problem arose.