Banks and Politics During the Progressive Era (RLE Banking & by Richard T McCulley

By Richard T McCulley

Despite the political efficiency of cash and banking matters, historians have principally pushed aside the innovative period political debate over banking as beside the point and feature been preoccupied with explaining the shortcomings, boundaries and inadequacies of the Federal Reserve Act. the image that has emerged is certainly one of bankers controlling the process monetary reform with the help of political leaders who have been both subservient, hopelessly naive or insincere of their public competition to bankers. This publication locations their hard work in a bigger, unfolding political context and lines in an analytical narrative the interaction of sectional and fiscal pursuits, political ideologies and partisan clashes that formed the process banking reform.

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