America's Bank - The Epic Struggle to Create the Federal Reserve-logo

America's Bank - The Epic Struggle to Create the Federal Reserve

Roger Lowenstein

More Information

Description:

A tour de force of historical reportage, America's Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America's modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans' mistrust of big government and of big banks-a legacy of the country's Jeffersonian, small-government traditions-was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America's burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and-improbably-a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act. Roger Lowenstein-acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street-tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America's Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of

Language:

English

Narrators:

Robertson Dean

Length:

9h 40m


Chapters

Free Sample

05:00

Chapter 1
Chapter 1

00:16


Chapter 2
Chapter 2

00:13


Chapter 3
Chapter 3

07:55


Chapter 4
Chapter 4

05:48


Chapter 5
Chapter 5

03:51


Chapter 6
Chapter 6

06:02


Chapter 7
Chapter 7

06:59


Chapter 8
Chapter 8

06:35


Chapter 9
Chapter 9

07:07


Chapter 10
Chapter 10

07:26


Chapter 11
Chapter 11

06:58


Chapter 12
Chapter 12

07:31


Chapter 13
Chapter 13

06:43


Chapter 14
Chapter 14

07:31


Chapter 15
Chapter 15

07:20


Chapter 16
Chapter 16

04:42


Chapter 17
Chapter 17

04:29


Chapter 18
Chapter 18

06:07


Chapter 19
Chapter 19

08:09


Chapter 20
Chapter 20

07:27


Chapter 21
Chapter 21

06:39


Chapter 22
Chapter 22

07:00


Chapter 23
Chapter 23

06:34


Chapter 24
Chapter 24

05:29


Chapter 25
Chapter 25

06:45


Chapter 26
Chapter 26

06:29


Chapter 27
Chapter 27

07:16


Chapter 28
Chapter 28

06:04


Chapter 29
Chapter 29

07:43


Chapter 30
Chapter 30

05:44


Chapter 31
Chapter 31

05:20


Chapter 32
Chapter 32

07:21


Chapter 33
Chapter 33

06:03


Chapter 34
Chapter 34

04:33


Chapter 35
Chapter 35

06:16


Chapter 36
Chapter 36

07:41


Chapter 37
Chapter 37

07:22


Chapter 38
Chapter 38

06:57


Chapter 39
Chapter 39

08:00


Chapter 40
Chapter 40

06:49


Chapter 41
Chapter 41

06:22


Chapter 42
Chapter 42

08:36


Chapter 43
Chapter 43

07:19


Chapter 44
Chapter 44

07:44


Chapter 45
Chapter 45

05:20


Chapter 46
Chapter 46

06:29


Chapter 47
Chapter 47

07:45


Chapter 48
Chapter 48

08:02


Chapter 49
Chapter 49

06:03


Chapter 50
Chapter 50

06:56


Chapter 51
Chapter 51

07:55


Chapter 52
Chapter 52

07:48


Chapter 53
Chapter 53

07:21


Chapter 54
Chapter 54

04:28


Chapter 55
Chapter 55

05:43


Chapter 56
Chapter 56

06:35


Chapter 57
Chapter 57

07:21


Chapter 58
Chapter 58

07:48


Chapter 59
Chapter 59

06:36


Chapter 60
Chapter 60

06:33


Chapter 61
Chapter 61

07:33


Chapter 62
Chapter 62

07:46


Chapter 63
Chapter 63

06:26


Chapter 64
Chapter 64

07:06


Chapter 65
Chapter 65

05:33


Chapter 66
Chapter 66

06:34


Chapter 67
Chapter 67

07:17


Chapter 68
Chapter 68

05:47


Chapter 69
Chapter 69

04:28


Chapter 70
Chapter 70

04:20


Chapter 71
Chapter 71

06:15


Chapter 72
Chapter 72

07:40


Chapter 73
Chapter 73

08:06


Chapter 74
Chapter 74

07:19


Chapter 75
Chapter 75

07:32


Chapter 76
Chapter 76

04:13


Chapter 77
Chapter 77

07:07


Chapter 78
Chapter 78

05:22


Chapter 79
Chapter 79

07:32


Chapter 80
Chapter 80

07:35


Chapter 81
Chapter 81

06:28


Chapter 82
Chapter 82

06:49


Chapter 83
Chapter 83

06:21


Chapter 84
Chapter 84

04:41


Chapter 85
Chapter 85

07:35


Chapter 86
Chapter 86

06:45


Chapter 87
Chapter 87

07:33


Chapter 88
Chapter 88

07:01


Chapter 89
Chapter 89

05:36


Chapter 90
Chapter 90

00:31