The Federal Reserve Act of 1913
Author : Virginius Gilmore Iden
Publisher :
Page : 136 pages
File Size : 40,39 MB
Release : 1914
Category : Banks and banking
ISBN :
Author : Virginius Gilmore Iden
Publisher :
Page : 136 pages
File Size : 40,39 MB
Release : 1914
Category : Banks and banking
ISBN :
Author : Eric Lomazoff
Publisher : University of Chicago Press
Page : 264 pages
File Size : 18,67 MB
Release : 2018-11-07
Category : Political Science
ISBN : 022657945X
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.
Author : United States
Publisher :
Page : 184 pages
File Size : 35,53 MB
Release : 1911
Category : Banking law
ISBN :
Author : Alexander Hamilton
Publisher : Coventry House Publishing
Page : 50 pages
File Size : 11,25 MB
Release : 2016-12-10
Category : History
ISBN :
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.
Author : United States
Publisher :
Page : 114 pages
File Size : 34,85 MB
Release : 1920
Category : Banking law
ISBN :
Author : Jill M. Hendrickson
Publisher : Springer
Page : 313 pages
File Size : 34,8 MB
Release : 2015-12-04
Category : Political Science
ISBN : 0230295134
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.
Author : United States
Publisher :
Page : 104 pages
File Size : 38,28 MB
Release : 1903
Category : Banking law
ISBN :
Author : United States
Publisher :
Page : 116 pages
File Size : 15,35 MB
Release : 1875
Category : Banking law
ISBN :
Author : United States
Publisher :
Page : 100 pages
File Size : 39,58 MB
Release : 1896
Category : Banking law
ISBN :
Author : United States
Publisher :
Page : 1722 pages
File Size : 22,94 MB
Release : 2001
Category : Law
ISBN :