Authors: Elmus Wicker
ISBN-13: 9780814210000, ISBN-10: 0814210007
Format: Hardcover
Publisher: Ohio State University Press
Date Published: August 2005
Edition: 1
Eminent historian of economics Elmus Wicker examines the events which spurred a series of banking panics beginning in 1893-94, that led to the creation of the U.S. Federal Reserve Bank twenty years later. A serious lacuna exists in the literature on the origins of the Federal Reserve System. What is absent is a fair appraisal of the role Senator Nelson Aldrich, prominent Rhode Island senator, played. Carter Glass captured the acclaim while asserting that Aldrich be granted equal billing with Glass as "fathers" of the Federal Reserve System.
Ch. 1 | The great debate : an overview | 1 |
Ch. 2 | Recent literature revisited | 8 |
Ch. 3 | The quest for an asset-based currency, 1894-1908 | 22 |
Ch. 4 | The Aldrich-Vreeland Act | 42 |
Ch. 5 | Jekyll Island and the Aldrich Bill | 52 |
Ch. 6 | The Glass Bill | 70 |
Ch. 7 | The Aldrich and Glass-Owen bills compared | 84 |
Ch. 8 | Theoretical underpinnings | 95 |
Ch. 9 | Epilogue | 104 |