Excerpt from The A B C of the Federal Reserve System
During the first twelve months of our coun try's participation in the war the reserve system became established upon a basis of confidence and respect, even in fact Of admiration, among both bankers and business men; and its future therefore seems assured so long as good manage ment deserves the support now enjoyed.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book offers a lucid exposition of the causes of the bank panics that plagued the US from the Civil War through the first decades of the 20th century. The author identifies the weaknesses in the banking system and monetary policy of that era, with a focus on the problem of inelasticity in the supply of credit and currency. He contrasts that system with the Federal Reserve System, which was created in 1913 to address these problems. The author provides historical context for the implementation of the Federal Reserve System. He also examines the strengths and weaknesses of the reforms and how they were able to lay the foundation for modern US monetary policy. 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. Seller Inventory # 9781334426339_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334426339
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334426339
Quantity: 15 available