America’s Bank
Hightlight
-
Geographical
-
Historical
-
Military
-
Political
America’s Bank
Author
Roger Lowenstein
Published Date
2015
Page Count
368
Overview
“America’s Bank: The Epic Struggle to Create the Federal Reserve” by Roger Lowenstein is a compelling narrative that details the creation of the United States Federal Reserve System. Lowenstein chronicles the political and economic battles that led to the establishment of the nation’s central bank. The book provides historical context to the financial crises and panics of the early 20th century and the subsequent reform efforts that resulted in the Federal Reserve’s formation.
Key Themes
- Economic Instability and Reform: Discusses the economic conditions and financial crises that necessitated banking reform in the United States.
- Political Struggle: The intense political struggle and negotiations that led to the creation of the Federal Reserve.
- Key Figures in Banking History: Profiles of the influential figures who played crucial roles in the establishment of the Federal Reserve.
- Founding of the Federal Reserve: The legislative process and the economic principles that shaped the Federal Reserve System.
Historical Context
The book is set in the late 19th and early 20th centuries, a period marked by financial turmoil and the progressive era’s reforms in the United States.
Author’s Background
Roger Lowenstein is a financial journalist and author known for his ability to make complex financial and economic histories accessible to a broad audience.
Impact and Legacy
“America’s Bank” provides essential historical context to understanding the Federal Reserve’s role in the U.S. economy and its evolution over the years.
Strengths and Weaknesses
Strengths: Lowenstein’s engaging narrative style makes the complex history of the Federal Reserve accessible and compelling. Weaknesses: Readers seeking a more technical analysis of the Federal Reserve’s monetary policies might find the book more focused on its historical and political aspects.
Who Should Read This?
Ideal for readers interested in financial history, economic policy, and the historical context of the United States’ monetary system.
Similar Books
- “The Creature from Jekyll Island” by G. Edward Griffin: A controversial and alternative view of the creation of the Federal Reserve.
- “Lords of Finance” by Liaquat Ahamed: Focuses on the central bankers of the early 20th century and their role in shaping the economic landscape of the era.
Final Thoughts
“America’s Bank” is an insightful and engaging book that offers a comprehensive look at the pivotal events and figures that led to the creation of one of the most influential financial institutions in the world.
