BANKS AND POLITICS IN AMERICA FROM THE REVOLUTION TO THE CIVIL WAR

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Sinopsis de BANKS AND POLITICS IN AMERICA FROM THE REVOLUTION TO THE CIVIL WAR

This is a book about politics and banks and history Yet politicians who read it will see that the author is not a politician bankers who read it will see that he is not a banker and historians that he is not an historian Economists will see that he is not an economist and lawyers that he is not a lawyer With this rather cryptic and exhaustive disclaimer Bray Hammond began his classic investigation into the role of banking in the formation of American society Hammond who was assistant secretary of the Board of Governors of the Federal Reserve System from 1944 to 1950 presented in this 771page book the definitive account of how banking evolved in the United States in the context of the nations political and social development Hammond combined political with financial analysis highlighting not only the inuence politicians exercised over banking but also how banking drove political interests and created political coalitions He captured the entrepreneurial expansive risktaking spirit of the United States from earliest days and then showed how that spirit sometimes undermined sound banking institutions In Hammonds view we need central banks to keep the economy on an even keel Historian Richard Sylla judged the work to be a wry and urbane study of early US financial history but also a timeless essay on how Americans became what they are Banks and Politics in America won the Pulitzer Prize for history in 1958
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