Author: John Thom HoldsworthPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 746
Book Description
The First and Second Banks of the United States
Author: John Thom HoldsworthPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 746
Book Description
The First and Second Banks of the United States
Author: John HoldsworthPublisher: CreateSpace
ISBN: 9781517113810
Category :
Languages : en
Pages : 106
Book Description
The First and Second Banks of the United States is an informative history of central banking in the U.S.
The First And Second Banks Of The United States
Author: John Thom HoldsworthPublisher: Legare Street Press
ISBN: 9781018700762
Category :
Languages : en
Pages : 0
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The Bank of the United States and the American Economy
Author: Edward KaplanPublisher: Bloomsbury Publishing USA
ISBN: 0313371520
Category : Business & Economics
Languages : en
Pages : 184
Book Description
An account of the history, structure, and operation of the First and Second Banks of the United States, this study examines how the banks performed as national and central institutions, and what happened to the economy when the charter of the Second Bank was allowed to expire in 1836. Historians have paid little recent attention to the early history of central banking in the United States, and many Americans believe that the Federal Reserve, created in 1913, was our first central bank. The economic crisis during the American Revolution actually led to the founding of a national bank, called the Bank of North America, during the period of Confederation. Although it became a private bank before the Constitution was ratified in 1788, it proved to be such a success that in 1791 Alexander Hamilton, the first Secretary of the Treasury, was able to convince President Washington that a similar bank should be established. While the First Bank of the United States performed well during its tenure, its charter was allowed to lapse in 1811. A Second Bank of the United States was created five years later in 1816, and it prospered under the leadership of its third president, Nicholas Biddle, from 1823 to 1830, when central banking was practiced. This success ended with the 1828 election of Andrew Jackson, who refused to recharter the bank and withdrew the government's funds in 1833. Severely weakened, the Bank continued, but its charter finally expired in 1836, much to Biddle's dismay.
The First and Second Banks of the United States
Author: John Thom HoldsworthPublisher:
ISBN:
Category : Banken en bankwezen
Languages : en
Pages : 311
Book Description
The Federal Reserve Act of 1913
Author: Virginius Gilmore IdenPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 136
Book Description
Monetary Policy in the United States
Author: Richard H. TimberlakePublisher: University of Chicago Press
ISBN: 0226803848
Category : Business & Economics
Languages : en
Pages : 528
Book Description
In this extensive history of U.S. monetary policy, Richard H. Timberlake chronicles the intellectual, political, and economic developments that prompted the use of central banking institutions to regulate the monetary systems. After describing the constitutional principles that the Founding Fathers laid down to prevent state and federal governments from printing money. Timberlake shows how the First and Second Banks of the United States gradually assumed the central banking powers that were originally denied them. Drawing on congressional debates, government documents, and other primary sources, he analyses the origins and constitutionality of the greenbacks and examines the evolution of clearinghouse associations as private lenders of last resort. He completes this history with a study of the legislation that fundamentally changed the power and scope of the Federal Reserve System—the Banking Act of 1935 and the Monetary Control Act of 1980. Writing in nontechnical language, Timberlake demystifies two centuries of monetary policy. He concludes that central banking has been largely a series of politically inspired government-serving actions that have burdened the private economy.
A List of Works Relating to the First and Second Banks of the United States
Author: Library of Congress. Division of BibliographyPublisher:
ISBN:
Category :
Languages : en
Pages : 60
Book Description
The Federal Reserve System Purposes and Functions
Author: Board of Governors of the Federal Reserve SystemPublisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0
Book Description
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 services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
On the constitutionality of a national bank
Author: Alexander HamiltonPublisher: DigiCat
ISBN:
Category : Law
Languages : en
Pages : 45
Book Description
Alexander Hamilton was an American revolutionary, statesman, and Founding Father of the United States. In this report of 1791, he advocated a national bank called the Bank of the United States, modeled after the Bank of England. Hamilton believed that a national bank was required to stabilize and improve the nation's credit and to improve the financial order, clarity, and precedence of the United States government under the newly legislated Constitution.