Présentation de l'éditeur
Owing to the unusual character of the period during which its policy has been developed, many misconceptions have become current regarding the nature and purpose of the Federal Reserve banking system. Some of these misconceptions are so far-reaching as to create serious difficulties for its management. No central banking system can be administered efficiently in an atmosphere of prejudice and misunderstanding. The business public, in its appraisal of the systems management, must be led to apply the tests of sound principles of economics and finance rather than those rnerely of immediate, individual advantage. I t, accordingly, has been the writers endeavor to do what little his capacities permit to stimulate a proper spirit of inquiry regarding Federal Reserve matters. It has appeared to the writer that a careful examination of the development of the reserve system could be made most opportunely by one not connected with its management. As a minor spur to the writers efforts there has been the belief that no study offers superior opportunities for investigating the working of the principles of money and credit under contemporary conditions of business and industry. While the book was written for the general reading public, rather than for classroom purposes, it may serve as a second book to follow the reading of one of the elementary texts in college courses in Money and Banking.
(Typographical errors above are due to OCR software and don't occur in the book.)
About the Publisher
Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.
Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text.
Présentation de l'éditeur
Originally published in 1922. This volume from the Cornell University Library's print collections was scanned on an APT BookScan and converted to JPG 2000 format by Kirtas Technologies. All titles scanned cover to cover and pages may include marks notations and other marginalia present in the original volume.
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The Development of Federal Reserve Policy (Classic Reprint)
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Paperback. Etat : New. Print on Demand. This book is a historical analysis of the Federal Reserve banking system from its inception up until 1922. Specifically, the book examines how the structure, organization, and administration of the Federal Reserve banking system developed. The author begins by discussing the controversy surrounding the establishment of a central bank in the United States and the various motivations of the legislators who supported and opposed its creation. The author then discusses the various challenges that the Federal Reserve faced in its early years, including the need to establish a system of uniform reserve requirements, the development of a discount policy, and the management of the country's gold reserves. The author concludes by assessing the overall impact of the Federal Reserve on the US economy, arguing that it has played a vital role in promoting economic stability and growth. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781330834954_0
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