Banks and Politics During the Progressive Era (RLE Banking & Finance)

1st Edition

Richard T McCulley

Routledge
Published March 10, 2014
Reference - 342 Pages
ISBN 9780415751650 - CAT# Y162371
Series: Routledge Library Editions: Banking & Finance

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Summary

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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