The Bank and the Treasury: Bank Capitalization and the Problem of Elasticity (Classic Reprint) - Softcover

Frederick A. Cleveland

 
9781330178164: The Bank and the Treasury: Bank Capitalization and the Problem of Elasticity (Classic Reprint)

Synopsis

This book presents a penetrating study of the United States' financial system, with a particular focus on the National Bank Act. The author traces the evolution of American banking ideals from the colonial era through the establishment of the Federal Reserve System. The book highlights the distinctive features of the American system, including its emphasis on independent commercial banks and its focus on local needs. The author delves into the historical context and thematic depth of the National Bank Act, exploring its role in shaping the American economy. The author also discusses the challenges and adaptations that the system has undergone over time, offering valuable insights into the complex relationship between government and private credit institutions. Overall, this book provides a comprehensive understanding of the development and significance of the American financial system, making it an essential read for anyone interested in the history and intricacies of banking and currency.

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