X

Sign Up




READARA
America's Bank: The Epic Struggle to Create the Federal Reserve

Overall Rating

NA

Reviews

NA

America's Bank: The Epic Struggle To Create The Federal Reserve

Home > Facebook Twitter

The tumultuous era and remarkable personalities that unexpectedly birthed the Federal Reserve, from renowned financial writer Roger Lowenstein

Until the election of Woodrow Wilson the United States alone among developed nations lacked a central bank. Ever since the Revolutionary War, Americans had desperately feared the consequences of centralizing the nation's finances under government control. However, in the aftermath of a disastrous financial panic, Congress was persuaded by a confluence of populist unrest, widespread mistrust of bankers, ideological divisions, and secretive lobbying to approve the landmark 1913 Federal Reserve Act.

Writing in a rich and untapped historical vein, Roger Lowenstein acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street reveals the drama-filled, unlikely story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America's Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians.

With America's Bank, Lowenstein focuses on the four men at the heart of the drama to create the Federal Reserve. These are Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified at America's primitive finances; Rhode Island's Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious but little-known Virginia congressman who chaired the House Banking and Currency Committee at a crucial moment of political transition; and, of course, President Woodrow Wilson, who forced Glass to reconcile his deep-seated differences with bankers en route to landmark and controversial legislation which that finally gave America a central bank.

Weaving a slice of American politics together with a storied financial collapse and intrigue at the highest levels of Washington and Wall Street, Lowenstein delivers a gripping historical narrative. America's Bank reveals the improbable origins of the Federal Reserve in a way that will make readers wonder whether they are reading about one hundred years ago or about the still-seething conflicts that mark our discussions of banking and politics today. A powerful and intelligent story told by one of our most accomplished financial experts, America's Bank puts readers into the cockpit at a time of financial turmoil and political transformation, bringing the beginnings of one of the country's most crucial institutions to vivid and unforgettable life.

Penguin Press

Penguin Press

Roger Lowenstein

Roger Lowenstein

No of Pages
368
Publisher
Penguin Press
ISBN-13
9781594205491
Awards
None
Book Format
Hardcover
Published Date
Oct 20, 2015

Circles

Not in any circle

Book Journey

Reviews [0]

Likes [0]

Recommends [0]

Bookshelf [0]

Table of Contents

No data Found

About Roger Lowenstein

Roger Lowenstein reported for The Wall Street Journal for more than a decade. His work has appeared in The Wall Street Journal, Bloomberg , The New York Review of Books, Fortune, The New York Times Magazine, and other publications. His books include Buffett, When Genius Failed, Origins of the Crash, While America Aged, and The End of Wall Street. He has three children and lives with his wife, Judy Slovin, in Newton, Massachusetts.

Other Books by Author

other books by authors
When Genius Failed: The Rise and Fall of Long-Term Capital Management
When Genius Failed: The Rise and Fall of Long-Term Capital Management
Author :
Roger Lowenstein
Publisher :
Random House Trade Paperbacks
Published Date :
Oct 9, 2001
No of Pages :
304
Book Format :
Paperback
Category :
other books by authors
Buffett: The Making of an American Capitalist
Buffett: The Making of an American Capitalist
Author :
Roger Lowenstein
Publisher :
Random House Trade Paperbacks
Published Date :
Apr 29, 2008
No of Pages :
512
Book Format :
Paperback
Category :
other books by authors
Origins of the Crash: The Great Bubble and Its Undoing
Origins of the Crash: The Great Bubble and Its Undoing
Author :
Roger Lowenstein
Publisher :
Penguin Books
Published Date :
Dec 28, 2004
No of Pages :
272
Book Format :
Paperback
Category :
other books by authors
After Piketty: The Agenda for Economics and Inequality
After Piketty: The Agenda for Economics and Inequality
Author :
Roger Lowenstein
Publisher :
Harvard University Press
Published Date :
May 8, 2017
No of Pages :
640
Book Format :
Hardcover
Category :
other books by authors
America's Bank: The Epic Struggle to Create the Federal Reserve
America's Bank: The Epic Struggle to Create the Federal Reserve
Author :
Roger Lowenstein
Publisher :
Penguin Books
Published Date :
Oct 18, 2016
No of Pages :
368
Book Format :
Paperback
Category :

More Related Books

No Books Available

Editorial Reviews

No Editorial Reviews Available

Community Reviews

No Community Reviews Available

Press Releases

No Press Release found

Testimonials

No Data available

Market Place