A History of Money and Banking in the United States
A History of Money and Banking in the United States

Author: Murray Rothbard

Publisher:

Published: 2002-01-01

Total Pages: 510

ISBN-13: 9781479325542

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LARGE PRINT EDITION! More at LargePrintLiberty.com The master teacher of American economic history covers money and banking in the whole of American history, to show that the meltdown of our times is hardly the first. And guess what caused them in the past? Paper money, loose credit, reckless lending standards, government profligacy, and central banking When will we learn? When people understand the cause and effect in the history of these repeating calamities In a complete revision of the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the Colonial Period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history. Never has the story of money and banking been told with such rhetorical power and theoretical vigor. Here is how this book came to be. Rothbard died in 1995, leaving many people to wish that he had written a historical treatise on this topic. But the the archives assisted: Rothbard had in fact left several large manuscripts dedicated to American banking history. In the course of his career, meanwhile, he had published other pieces along the same lines, but they appeared in venues not readily accessible. Given the desperate need for a single volume that covers the topic, the Mises Institute put together this thrilling book. So seamless is the style and argument, and comprehensive is coverage, that it might as well have been written in exactly the format. The end result is Rothbard's (and the Austrian School's) answer to Friedman and Schwartz.

History of Money
History of Money

Author: Glyn Davies

Publisher: University of Wales Press

Published: 2010-09-15

Total Pages: 1069

ISBN-13: 1783162767

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An account of the central importance of money in the ordinary business of the life of different people throughout the ages from ancient times to the present day. It includes the Barings crisis and the report by the Bank of England on Barings Bank; information on the state of Japanese banking; and, the changes in the financial scene in the US.

Other People's Money
Other People's Money

Author: Sharon Ann Murphy

Publisher: JHU Press

Published: 2017-03-15

Total Pages: 207

ISBN-13: 1421421763

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How the contentious world of nineteenth-century banking shaped the United States. Pieces of paper that claimed to be good for two dollars upon redemption at a distant bank. Foreign coins that fluctuated in value from town to town. Stock certificates issued by turnpike or canal companies—worth something . . . or perhaps nothing. IOUs from farmers or tradesmen, passed around by people who could not know the person who first issued them. Money and banking in antebellum America offered a glaring example of free-market capitalism run amok—unregulated, exuberant, and heading pell-mell toward the next “panic” of burst bubbles and hard times. In Other People’s Money, Sharon Ann Murphy explains how banking and money worked before the federal government, spurred by the chaos of the Civil War, created the national system of US paper currency. Murphy traces the evolution of banking in America from the founding of the nation, when politicians debated the constitutionality of chartering a national bank, to Andrew Jackson’s role in the Bank War of the early 1830s, to the problems of financing a large-scale war. She reveals how, ultimately, the monetary and banking structures that emerged from the Civil War also provided the basis for our modern financial system, from its formation under the Federal Reserve in 1913 to the present. Touching on the significant role that numerous historical figures played in shaping American banking—including Alexander Hamilton, James Madison, Benjamin Franklin, Henry Clay, Daniel Webster, and Louis Brandeis—Other People’s Money is an engaging guide to the heated political fights that surrounded banking in early America as well as to the economic causes and consequences of the financial system that emerged from the turmoil. By helping readers understand the financial history of this period and the way banking shaped the society in which ordinary Americans lived and worked, this book broadens and deepens our knowledge of the Early American Republic.

History of Paper Money and Banking
History of Paper Money and Banking

Author: William Gouge

Publisher: Lulu.com

Published: 2017-10-16

Total Pages: 592

ISBN-13: 1257075616

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""As soon as Independence had been won from Great Britain, the decks were clear for a second fight. That fight, as is usually found after a successful revolution, was the fight to decide whether independence was to be true independence or whether, after the change of names, the financial system was to re-establish over the new government that same control which it had exercised over the old."" This is the story of the first 40 years of that war. A shorth history of paper money and banking in the U.S. An inquiry into the principles of the American banking system Letter to Andrew Jackson An inquiry into the expediency of dispensing with bank agency and bank paper in fiscal concerns of the U.S. Journal of Banking Banking as it ought to be Banks of the United States William M. Gouge and the formation of orthodox American monetary policy

A Monetary History of the United States, 1867-1960
A Monetary History of the United States, 1867-1960

Author: Milton Friedman

Publisher: Princeton University Press

Published: 2008-09-02

Total Pages: 889

ISBN-13: 140082933X

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“Magisterial. . . . The direct and indirect influence of the Monetary History would be difficult to overstate.”—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve From Nobel Prize–winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz, one of the most important economics books of the twentieth century—the landmark work that rewrote the story of the Great Depression and the understanding of monetary policy Milton Friedman and Anna Jacobson Schwartz’s A Monetary History of the United States, 1867–1960 is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive historical data and sharp analytics to argue that monetary policy—steady control of the money supply—matters profoundly in the management of the nation’s economy, especially in navigating serious economic fluctuations. One of the book’s most important chapters, “The Great Contraction, 1929–33” addressed the central economic event of the twentieth century, the Great Depression. Friedman and Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and countering banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy—an idea that has come to shape the actions of central banks worldwide.

Money in Historical Perspective
Money in Historical Perspective

Author: Anna J. Schwartz

Publisher: University of Chicago Press

Published: 1987

Total Pages: 472

ISBN-13: 9780226742281

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Modern monetary economics has been significantly influenced by the knowledge and insight brought to the field by the work of Anna J. Schwartz, an economist whose career has spanned almost half a century. Her contributions evidence a broad expertise in international history and policy, and an ability to apply the results of her careful historical research to current issues and debates. Money in Historical Perspective is a collection of sixteen of her papers selected by Michael D. Bordo and Milton Friedman. Grouped into three sections, the essays constitute a number of Dr. Schwartz's most cited articles on the subject of monetary economics, many of which are no longer readily accessible. In the papers in part I, dating from 1947 to the present, Dr. Schwartz examines money and banking in the United States and the United Kingdom from a historical perspective. Her investigation of the historical evidence linking economic instability to erratic monetary behavior—this behavior itself a product of discretionary monetary policy—has led her to argue for the importance of stable money, and her writings on these issues over the last two decades form part II. The volume concludes with four recent articles on international monetary arrangements, including Dr. Schwartz's well-known work on the gold standard. This volume of classic essays by Anna Schwartz will be a useful addition to the libraries of scholars and students for its exemplary historical research and commentary on monetary systems.

A History of Banking in Antebellum America
A History of Banking in Antebellum America

Author: Howard Bodenhorn

Publisher: Cambridge University Press

Published: 2000-02-13

Total Pages: 286

ISBN-13: 9780521669993

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Professor Bodenhorn reveals how America was served by an efficient system of financial intermediaries by the mid-nineteenth century.