A History of Money and Banking in the United States: The Colonial Era to World War II

Name: A History of Money and Banking in the United States: The Colonial Era to World War II
Author: Murray N. Rothbard

2002

by Murray N. Rothbard

Economic HistoryMises InstituteMurray RothbardAustrian SchoolFederal ReserveLudwig von MisesMethodologyPositivismPraxeologyHuman ActionInflationJohn Kenneth GalbraithPrice TheoryValue JudgmentsLiquidityMinimum WageUncertaintyComparative AdvantageFranz OppenheimerIdeologyMarshall PlanProtectionismChicago SchoolGeorge StiglerBankingBusiness CyclesCentral BankingCredit ExpansionMilton FriedmanMoney SupplyDeficit SpendingFree BankingGold StandardGreat DepressionBretton WoodsGeopoliticsMonetary PolicyBimetallismCommodity MoneyGresham's LawMercantilismFiat MoneyLegal TenderBusiness Cycle TheoryCurrency SchoolUsuryExchange RatesGold ReservesCapital AccumulationDeflationInterest RatesNational IncomeProductivitySavingWagesAgricultureLaissez-faireSocial PolicyCartelsMonopolyBanknotesJohn Bates ClarkTime PreferenceWoodrow WilsonStatismBank of EnglandInfrastructureSubsidiesIrving FisherMonetary StabilityNew DealStock ExchangeUnderconsumptionDavid HumeExchange ControlRichard CantillonWorld War IBalance of PaymentsInsuranceLionel RobbinsWage RigidityArthur Cecil PigouJohn Maynard KeynesBank of FranceInternational LiquidityLeague of NationsHjalmar SchachtTrade UnionsReichsbankDevaluationDiscount RateWorld War IIStabilizationInternational Monetary FundJacques RueffSpecial Drawing Rights

Table of Contents · 72 segments

Front Matter, Dedication, Copyright, and Contentschapter

Introduction: Rothbard Against Cliometric Positivismessay

Introduction: Mises on Ideas, Action, and Historical Understandingessay

Introduction: Thymology, Character, Forecasting, and Judgments of Relevanceessay

Introduction: Rothbard's Guide to Economic Motives and the Stateessay

Introduction: Conspiracy Theory, Public Choice, and Positivist Motive Analysisessay

Introduction: Friedman, Schwartz, and Rothbard on the Origins of the Federal Reserveessay

Introduction: Overview of Rothbard's Monetary History Through the Interwar Gold-Exchange Standardessay

Introduction Conclusion: Part Five and New Deal International Monetary Policyessay

Part 1 Opening: Colonial Commodity Money, British Standards, and Foreign Speciechapter

Shilling and Dollar Manipulationschapter

Government Paper Money and Private Bank Notes in Colonial Americachapter

Revolutionary War Finance, Early National Banking, Bimetallism, the First Bank, War of 1812, and the Second Bankchapter

Second Bank Expansion, Panic of 1819, and the Jacksonian Bank Warchapter

The Jacksonians and the Coinage Legislation of 1834chapter

Decentralized Banking from the 1830s to the Civil Warchapter

A Free-Market Central Bankchapter

A False Startchapter

Operation Beginschapter

The Country Banks Resistchapter

Suffolk's Stabilizing Effectschapter

The Suffolk Differencechapter

The Suffolk's Demisechapter

The Civil War and the Transformation of American Money and Bankingchapter

Greenbacks, Wartime Inflation, and Specie Suspensionchapter

Public Debt, Jay Cooke, and the National Banking Systemchapter

The Post-Civil War Era, Resumption, Legal Tender, and Silver Agitationchapter

Gold Standard Era with the National Banking System, 1879–1889chapter

Prices, Wages, Interest Rates, and Productivity under Goldchapter

Capital Formation, Farmers, Silver Agitation, and the Panic of 1893chapter

The Transformation of 1896: New Political History and Pietist Originschapter

Pietists, Liturgicals, Party Realignment, Populism, and Progressivismchapter

Part 2: The Origins of the Federal Reserve — The Progressive Movementchapter

Unhappiness With the National Banking Systemchapter

The Beginnings of the Reform Movement: The Indianapolis Monetary Conventionchapter

The Gold Standard Act of 1900 and Afterchapter

Charles A. Conant, Surplus Capital, and Economic Imperialismchapter

Conant, Monetary Imperialism, and the Gold-Exchange Standardchapter

Jacob Schiff Ignites the Drive for a Central Bankchapter

The Panic of 1907 and Mobilization for a Central Bank: Openingchapter

Footnotes on Warburg Acceptance Banking and Bankers Magazinefootnotes

The Panic of 1907 and Mobilization for a Central Bank: Expert Campaign and Aldrich Planchapter

The Final Phase: Coping with the Democratic Ascendancychapter

Conclusion: Financial Elites and the Federal Reserve Cartel Openingchapter

Footnotes to Final Phase on Aldrich, Glass, and Morgan Influencefootnotes

Conclusion: Experts, Privilege, and the Leviathan Statechapter

Part 3 Opening and the Morgan Years of the Early Federal Reserve, 1914–1928chapter

The Hoover Fed: Harrison, Young, Credit Inflation, and Early Depression Policychapter

The Advent of Eugene Meyer, Jr.: Finance, War Collectivism, and Government Creditchapter

Meyer in the Hoover Administrationchapter

The New Deal: Going Off Goldchapter

Banking and Financial Legislation: 1933–1935chapter

Marriner S. Eccles and the Banking Act of 1935chapter

Epilogue: Return of the Morgans and Transition to Part 4chapter

Introduction and the Classical Gold Standardchapter

Britain Faces the Postwar Worldchapter

Return to Gold at $4.86: The Cunliffe Committee and Afterchapter

American Support for the Return to Gold at $4.86: The Morgan Connectionchapter

The Establishment of the New Gold Standard of the 1920s: Bullion and Gold-Exchangechapter

The Gold-Exchange Standard in Operation: 1926–1929chapter

Depression, Federal Reserve Inflation, and BIS Formationchapter

Austrian and German Banking Crises of 1931chapter

Sterling Crisis and the End of the Gold-Exchange Standardchapter

Epilogue: New Deal Monetary Nationalism and the Road to Bretton Woodschapter

Part 5 Introduction: The New Deal and the International Monetary Systemessay

The Background of the 1920sessay

The First New Deal: Dollar Nationalismessay

References for the Discussion of Economic Causes of World War IIbibliography

The Second New Deal: The Dollar Triumphantessay

Epilogue: Bretton Woods, Dollar Inflation, and Future Monetary Ordersessay

Indexbibliography

Back Cover Description and Publisher Informationessay