A tour de force of historical reportage, America’s Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America’s modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central…
Too many competing ideologies, too many currencies, fear of federal control etc. etc. Finally Federal Reserve was created after a failed version of national bank.
I hardly remember more than a few names from this book, but it was quite informative and helped me understand a little bit about different political forces in the United States. As someone said ‘There is no limit to how much you can accomplish if you don’t care who gets the credit’, this effort has been a result of many leaders’ work and foresight, though few people fought for the credit in the aftermath.
