The Historical Origins of the United States Federal Reserve System

Author: Chen Ming
Publisher:
Publish Date: 2003-12-01
Features: This book conducts a detailed examination of the historical origins of the Federal Reserve. The author points out that upon the establishment of the U.S. federal government, a protracted political struggle surrounded the creation of the First Bank and the Second Bank of the United States. This was essentially a conflict between efficiency and fairness. These two financial ideologies have been in contention within the banking and monetary sectors until the Wilson administration, when the Federal Reserve System was established as a result of coordinating these two banking ideas. The book is well-documented and holds high academic value.