Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.
To get the free app, enter your mobile phone number.
A History of Money and Banking in the United States: The Colonial Era to World War II Hardcover – August 30, 2002
Frequently Bought Together
Customers Who Bought This Item Also Bought
About the Author
Top Customer Reviews
Here the hidden history of money and banking in America unfolds as the internecine, behind-the-scenes warfare between elite financial interests such as the House of Morgan and the Rockefellers, the electoral struggle between the Hamiltonian Federalists and the Jeffersonian Republicans, and the duel-to-the-death Bank War of Nicholas Biddle and Andrew Jackson.
Discover the intriguing facts of how post-Civil War ethnoreligious political conflict between postmillennial pietist Protestant Republicans versus liturgical libertarian Democrats translated into deeply-felt attitudes toward inflation, sound money, and the Gold Standard.
Explore the arcane and clandestine origins of the powerful Federal Reserve, a secretive institution still clouded in mystery and myth.
This magnificent volume of unpublished and previously published writings by the late Murray N. Rothbard deserves to be on the shelf of every careful scholar of political economy, and of everyone who enjoys the discovery of unseasonable and unsettling truths concerning the government elites who attempt to run our lives, debase our money, and squander our children's futures.
He has covered this lengthy timeline from the perspective of who the main players were, what their motives were, and what were the results of their actions. So what this book is NOT is a dry empirical statistical history...phew!!!
What you do get is a terrific understanding of the power struggle running through the timeline between the Houses of Morgan and Rockefeller, with of course the supporting cast of the Harrimans, Kuhn Loeb, Guggenheims and the Mellons, as it centred on their quest for banking domination, via the struggle between the sound money gold standard protaganists and the monetarist inflationary camp! Rothbard weaves in the political situation throughout so that you are able to develop a rounded picture of the political scene based on the power broking of these financial elite too. Outstanding!!
This history of the power struggles and the oscillations between sound money and inflationary monetarism will also take you through the genesis of the new Republic, the origins of the Federal Reserve, the New deal, and the Gold Exchange Standard.
It's fascinating stuff, superbly written, with excellent, detailed bottom-of-page footnoting and an extensive index.
My guess is this will be remembered as the seminal text on this subject in the decades to come!
If you haven't already read "What Has Government Done To Our Money & The Case For a 100% Gold Dollar", then you will want to as this text will also leave you wanting to further explore sound money and the Gold Standard. If you then really want to get to the heart of Rothbard, then I wholeheartedly recommend you read his awesome treatise "Man, Economy and State with Power and Market(Scholars Edition)".
You most definitely will not regret it!!!
It must be noted that this 509-page tome is not suggested for a novice reader that does not have any more than a rudimentary knowledge of economics. For those embarking on a study of economic history, Rothbard's early work, "What Has the Government Done to Our Money" might prove to be a more suitable introductory vehicle. With that disclaimer in mind, those readers with an interest in how politics and economics intertwine this volume is indeed illuminating. And, of course, (as history tells us over and over again) politics, diplomacy, and warfare are almost always, and inevitably, shaped by economics.
With alacrity, Rothbard weaves a tale of intrigue and exposes the often overlooked players that sought to impose their opposing economic and political viewpoints. These include those early Americans who espoused a strong Federal government and favored a Central Banking system as to those who favored "free banking". Also included are the various political opponents who fed the turmoil surrounding bimetallism who, in turn, vigorously debated and fanned the flames of gold versus silver parity rates.
Moving on to an America with Imperialistic notions, the Spanish-American War provided an opportunity to impose American economic principles on the previously Spanish occupied countries that America now found in its orb.Read more ›
Most Recent Customer Reviews
This was a good book, but because it was a compilation of articles and scholarly papers there was a lot of redundancy and repetition that could have been edited out. Read morePublished 5 days ago by Raymond A. Dumas
History of money is the history of our civilization. And history written by anyone else but an economist is as informative as yellow press article. Read morePublished 1 month ago by Arsen Zahray
Very dry but unimaginably detailed analysis of American finance.Published 2 months ago by Sean P. Burns
Excellent content and important history - I'm glad I read it! The material was a bit redundant in places since there appears to be an element of patching together different... Read morePublished 6 months ago by Joseph M Pimbley
The New History. The old history in your college texts was seen as the flow of ideas and events and power struggles between nations. The new history.... Read morePublished 7 months ago by Anthony Elrod
What an eye-opening book! The particular strenth of this volume as opposed to others is Rothbard's insight as into the role of academic societies and scholars in the forming of the... Read morePublished 7 months ago by Amazon Consumer