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Bezig met laden... Banks and Politics in America from the Revolution to the Civil War (editie 1991)door Bray Hammond (Auteur)
Informatie over het werkBanks and Politics in America from the Revolution to the Civil War door Bray Hammond    Geen Bezig met laden...
 Meld je aan bij LibraryThing om erachter te komen of je dit boek goed zult vinden. Op dit moment geen Discussie gesprekken over dit boek.  gmicksmith | Jan 24, 2010 |  geen besprekingen | voeg een bespreking toe
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 771-page book the definitive account of how banking evolved in the United States in the context of the nation's political and social development. Hammond combined political with financial analysis, highlighting not only the in.uence politicians exercised over banking but also how banking drove political interests and created political coalitions. He captured the entrepreneurial, expansive, risk-taking spirit of the United States from earliest days and then showed how that spirit sometimes undermined sound banking institutions. In Hammond's 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 U.S. 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. Geen bibliotheekbeschrijvingen gevonden. |
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 Google Books — Bezig met laden...GenresDewey Decimale Classificatie (DDC)332.10973Social sciences Economics Finance Banking Biography And History North America United StatesLC-classificatieWaarderingGemiddelde: (3.67)
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Jeffersonian Albert Gallatin could lament in 1836:
"the bank paper mania has extended itself so widely that I despair of its being corrected otherwise than by a catastrophe. The energy of this nation is not to be controlled; it is of present exclusively applied to the acquisition of wealth and of stupendous magnitude. Whatever has that tendency, and of course an immoderate expanse of credit, receives favor. The apparent prosperity and the progress of cultivation, population, commerce, and improvement are beyond expectation. But it seems to me a general demoralization was the consequence; I doubt whether general happiness is increased; and I would have preferred a gradual, slower, and more secure progress. I am, however, an old man, and the young generation has a right to govern itself (p. 9)."
Hammond does not fulfill all of my prejudices about Jackson and dispels the notion that the Bank War was simply a sectional issue that came as a result of a lower-class, people's war against the Eastern banking establishment.