Author: Virginius Gilmore IdenPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 136
Book Description
The Federal Reserve Act of 1913
Author: Virginius Gilmore IdenPublisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 136
Book Description
Reconstructing the National Bank Controversy
Author: Eric LomazoffPublisher: University of Chicago Press
ISBN: 022657945X
Category : Political Science
Languages : en
Pages : 264
Book Description
The Bank of the United States sparked several rounds of intense debate over the meaning of the Constitution’s Necessary and Proper Clause, which authorizes the federal government to make laws that are “necessary” for exercising its other powers. Our standard account of the national bank controversy, however, is incomplete. The controversy was much more dynamic than a two-sided debate over a single constitutional provision and was shaped as much by politics as by law. With Reconstructing the National Bank Controversy, Eric Lomazoff offers a far more robust account of the constitutional politics of national banking between 1791 and 1832. During that time, three forces—changes within the Bank itself, growing tension over federal power within the Republican coalition, and the endurance of monetary turmoil beyond the War of 1812 —drove the development of our first major debate over the scope of federal power at least as much as the formal dimensions of the Constitution or the absence of a shared legal definition for the word “necessary.” These three forces—sometimes alone, sometimes in combination—repeatedly reshaped the terms on which the Bank’s constitutionality was contested. Lomazoff documents how these three dimensions of the polity changed over time and traces the manner in which they periodically led federal officials to adjust their claims about the Bank’s constitutionality. This includes the emergence of the Coinage Clause—which gives Congress power to “coin money, regulate the value thereof”—as a novel justification for the institution. He concludes the book by explaining why a more robust account of the national bank controversy can help us understand the constitutional basis for modern American monetary politics.
The National-bank Act, as Amended
Author: United StatesPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 184
Book Description
On the Constitutionality of a National Bank
Author: Alexander HamiltonPublisher: Coventry House Publishing
ISBN:
Category : History
Languages : en
Pages : 50
Book Description
In 1791, The First Bank of the United States was a financial innovation proposed and supported by Alexander Hamilton, the first Secretary of the Treasury. Establishment of the bank was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes. Hamilton believed that a national bank was necessary to stabilize and improve the nation's credit, and to improve financial order, clarity, and precedence of the United States government under the newly enacted Constitution. Alexander Hamilton (1755-1804) was a founding father of the United States, one of the most influential interpreters and promoters of the Constitution, the founder of the American financial system, and the founder of the Federalist Party. As the first Secretary of the Treasury, Hamilton was the primary author of the economic policies for George Washington’s administration. Hamilton took the lead in the funding of the states’ debts by the federal government, the establishment of a national bank, and forming friendly trade relations with Britain. He led the Federalist Party, created largely in support of his views; he was opposed by the Democratic Republican Party, led by Thomas Jefferson and James Madison, which despised Britain and feared that Hamilton’s policies of a strong central government would weaken the American commitment to Republicanism.
The Federal Reserve Act (approved December 23, 1913) as Amended
Author: United StatesPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 114
Book Description
The National Bank Act, and Other Laws Relating to National Banks, from the Revised Statutes of the United States
Author: United StatesPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 116
Book Description
The National-Bank Act as Amended
Author: United StatesPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 300
Book Description
Regulation and Instability in U.S. Commercial Banking
Author: Jill M. HendricksonPublisher: Springer
ISBN: 0230295134
Category : Political Science
Languages : en
Pages : 313
Book Description
The historical response to bank crises has always been more regulation. A pattern emerges that some may find surprising: regulation often contributes to bank instability. It suppresses competition and effective response to market changes and encourages bankers to take on additional risk. This book offers a valuable history lesson for policy makers.
The National Bank Act as Amended
Author: United StatesPublisher:
ISBN:
Category : Banking law
Languages : en
Pages : 100
Book Description
Author: United States