The Federal Reserve System (Classic Reprint) - Couverture souple

Clarke, Edward H.

Couverture souple

ISBN 10 : 1440033021 ISBN 13 : 9781440033025

Editeur : Forgotten Books, 2018

Synopsis

Understand how the Federal Reserve System reshaped American banking and money.
This book traces the path from older banking systems to the 1913 Act that created a network of central banks. It explains the goals, structure, and key changes that aimed to provide elastic currency, strengthen supervision, and coordinate the nation’s banks.

- Learn how the system reorganized banks into districts with a central reserve bank in each area.
- See how reserves, discounts, and clearings were designed to stabilize credit and smooth crises.
- Explore the purpose and impact of the gold settlement and the move toward a national clearing system.
- Understand the relationship between the Fed and the government, including reforms during and after World War I.

Ideal for readers of financial history and policy, and for anyone seeking a clear overview of how the modern U.S. central banking system came to be.

A propos du livre

Présentation de l'éditeur

THE FEDEEAL EESEKVE SYSTEM
By Henry Parker Willis, A.B., Ph.D.
The Federal Reserve Act, passed by Congress on December 23,1913, is the outcome of a discussion of banking conditions extending more or less sporadically over the years since the Civil "War, but assuming an increasing degree of urgency from and after the panic of 1893.
The JSTational Banking System had been established during the Civil War, partly as'the result of the Government's financial necessities of that period. It was, before the adoption of the new act, a system of independent and unrelated banks with capitals varying from $25,000' to $25,000,000, holding out, practically irrespective of any definite principles, to any group of five individuals the right to organize and incorporate under its terms. Its characteristic feature, apart from this competitive and independent aspect, lay in its provision for the issuance of currency protected by the bonds of the National Government which were required to be purcha

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 difficult to read text. Read books online for free at www.forgottenbooks.org

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1440033021
• ISBN 13: 9781440033025
• Reliure: Broché
• Nombre de pages: 60
• Coordonnées du fabricant: Copytech (UK) Ltd, Trading as Printondemand-worldwide.com; gpsr@podww.com; ; 9 Culley Court; Orton Southgate; Peterborough; Cambridgeshire; PE2 6WA; Royaume-Uni
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