Rating: 4 out of 5 stars
4/5
Unavailable
Unavailable
Unavailable
Ebook577 pages8 hours
Money, Power, and the People: The American Struggle to Make Banking Democratic
Rating: 0 out of 5 stars
()
Currently unavailable
Currently unavailable
About this ebook
Banks and bankers are hardly the most beloved institutions and people in this country. With its corruptive influence on politics and stranglehold on the American economy, Wall Street is held in high regard by few outside the financial sector. But the pitchforks raised against this behemoth are largely rhetorical: we rarely see riots in the streets or public demands for an equitable and democratic banking system that result in serious national changes.
Yet the situation was vastly different a century ago, as Christopher W. Shaw shows. This book upends the conventional thinking that financial policy in the early twentieth century was set primarily by the needs and demands of bankers. Shaw shows that banking and politics were directly shaped by the literal and symbolic investments of the grassroots. This engagement remade financial institutions and the national economy, through populist pressure and the establishment of federal regulatory programs and agencies like the Farm Credit System and the Federal Deposit Insurance Corporation. Shaw reveals the surprising groundswell behind seemingly arcane legislation, as well as the power of the people to demand serious political repercussions for the banks that caused the Great Depression. One result of this sustained interest and pressure was legislation and regulation that brought on a long period of relative financial stability, with a reduced frequency of economic booms and busts. Ironically, this stability led to the decline of the very banking politics that brought it about.
Giving voice to a broad swath of American figures, including workers, farmers, politicians, and bankers alike, Money, Power, and the People recasts our understanding of what might be possible in balancing the needs of the people with those of their financial institutions.
Yet the situation was vastly different a century ago, as Christopher W. Shaw shows. This book upends the conventional thinking that financial policy in the early twentieth century was set primarily by the needs and demands of bankers. Shaw shows that banking and politics were directly shaped by the literal and symbolic investments of the grassroots. This engagement remade financial institutions and the national economy, through populist pressure and the establishment of federal regulatory programs and agencies like the Farm Credit System and the Federal Deposit Insurance Corporation. Shaw reveals the surprising groundswell behind seemingly arcane legislation, as well as the power of the people to demand serious political repercussions for the banks that caused the Great Depression. One result of this sustained interest and pressure was legislation and regulation that brought on a long period of relative financial stability, with a reduced frequency of economic booms and busts. Ironically, this stability led to the decline of the very banking politics that brought it about.
Giving voice to a broad swath of American figures, including workers, farmers, politicians, and bankers alike, Money, Power, and the People recasts our understanding of what might be possible in balancing the needs of the people with those of their financial institutions.
Unavailable
Read more from Christopher W. Shaw
Money, Power, and the People: The American Struggle to Make Banking Democratic First Class: The U.S. Postal Service, Democracy, and the Corporate Threat Rating: 0 out of 5 stars0 ratings
Related to Money, Power, and the People
Related ebooks
Liberal Loyalty: Freedom, Obligation, and the State Rating: 0 out of 5 stars0 ratingsThe Clash of Ideas in World Politics: Transnational Networks, States, and Regime Change, 1510-2010 Rating: 0 out of 5 stars0 ratingsHow Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War Rating: 0 out of 5 stars0 ratingsThe Political Economy of Housing Financialization Rating: 0 out of 5 stars0 ratingsThe Return of the Public: Democracy, Power and the Case for Media Reform Rating: 0 out of 5 stars0 ratingsThe People's Money: How Voters Will Balance the Budget and Eliminate the Federal Debt Rating: 0 out of 5 stars0 ratingsOur common wealth: The return of public ownership in the United States Rating: 0 out of 5 stars0 ratingsPolitical Bubbles: Financial Crises and the Failure of American Democracy Rating: 0 out of 5 stars0 ratingsProtest Politics in the Marketplace: Consumer Activism in the Corporate Age Rating: 0 out of 5 stars0 ratingsCapitalism, Socialism and Property Rights: Why market socialism cannot substitute the market Rating: 0 out of 5 stars0 ratingsGovernance in the New Global Disorder: Politics for a Post-Sovereign Society Rating: 3 out of 5 stars3/5Hamilton's Economic Policies: Works & Speeches of the Founder of American Financial System Rating: 0 out of 5 stars0 ratingsThe Money Revolution: How to Finance the Next American Century Rating: 0 out of 5 stars0 ratingsThe Hour of Decision: Germany and World-Historical Evolution Rating: 0 out of 5 stars0 ratingsThe Servant Economy: Where America's Elite is Sending the Middle Class Rating: 4 out of 5 stars4/5Global Economic Meltdown: Long-Wave Economic Cycles: Myth or Reality Rating: 0 out of 5 stars0 ratingsThe Power of Money: How Ideas about Money Shaped the Modern World Rating: 0 out of 5 stars0 ratingsThe New Power Elite: Inequality, Politics and Greed Rating: 0 out of 5 stars0 ratingsThe Right and Labor in America: Politics, Ideology, and Imagination Rating: 0 out of 5 stars0 ratingsThe Bottom Line: Unfortunate Side Effects of Capitalist Culture Rating: 0 out of 5 stars0 ratingsThe Gigantic BLM White Supremacist Hoax; How the Black Marxists Exploit the White Race to Extract Surplus Labor Value. Rating: 0 out of 5 stars0 ratingsThe Politics of Consumption Rating: 2 out of 5 stars2/5The Age of Aspiration: Power, Wealth, and Conflict in Globalizing India Rating: 4 out of 5 stars4/5Poisoning the Minds of the Lower Orders Rating: 4 out of 5 stars4/5The Secure and the Dispossessed: How the Military and Corporations are Shaping a Climate-Changed World Rating: 0 out of 5 stars0 ratingsThe Panic of 1819: Reactions and Policies Rating: 0 out of 5 stars0 ratingsEnemies of All Humankind: Fictions of Legitimate Violence Rating: 0 out of 5 stars0 ratingsDreamworlds of Race: Empire and the Utopian Destiny of Anglo-America Rating: 0 out of 5 stars0 ratingsThe Hidden Tyranny of our Money Rating: 0 out of 5 stars0 ratings
History For You
A Grief Observed Rating: 4 out of 5 stars4/5The Devil's Chessboard: Allen Dulles, the CIA, and the Rise of America's Secret Government Rating: 5 out of 5 stars5/5The Library Book Rating: 4 out of 5 stars4/5Prisoners of Geography: Ten Maps That Explain Everything About the World Rating: 4 out of 5 stars4/5The Secret History of the World Rating: 3 out of 5 stars3/5Lies My Teacher Told Me: Everything Your American History Textbook Got Wrong Rating: 4 out of 5 stars4/5Longitude: The True Story of a Lone Genius Who Solved the Greatest Scientific Problem of His Time Rating: 4 out of 5 stars4/5Surprised by Joy: The Shape of My Early Life Rating: 4 out of 5 stars4/5100 Things You're Not Supposed to Know: Secrets, Conspiracies, Cover Ups, and Absurdities Rating: 3 out of 5 stars3/5The Indifferent Stars Above: The Harrowing Saga of the Donner Party Rating: 4 out of 5 stars4/5Sapiens: A Brief History of Humankind Rating: 4 out of 5 stars4/5She Came to Slay: The Life and Times of Harriet Tubman Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5The Time Traveler's Guide to Medieval England: A Handbook for Visitors to the Fourteenth Century Rating: 4 out of 5 stars4/5The Gulag Archipelago [Volume 1]: An Experiment in Literary Investigation Rating: 4 out of 5 stars4/5100 Amazing Facts About the Negro with Complete Proof Rating: 4 out of 5 stars4/5Whore Stories: A Revealing History of the World's Oldest Profession Rating: 3 out of 5 stars3/5The End of the Myth: From the Frontier to the Border Wall in the Mind of America Rating: 4 out of 5 stars4/5Vanderbilt: The Rise and Fall of an American Dynasty Rating: 4 out of 5 stars4/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5Ultralearning: Master Hard Skills, Outsmart the Competition, and Accelerate Your Career Rating: 4 out of 5 stars4/5The Anglo-Saxons: A History of the Beginnings of England: 400 – 1066 Rating: 4 out of 5 stars4/5The Lessons of History Rating: 4 out of 5 stars4/5The Nicomachean Ethics of Aristotle Rating: 4 out of 5 stars4/5Becoming Cliterate: Why Orgasm Equality Matters--And How to Get It Rating: 4 out of 5 stars4/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 4 out of 5 stars4/5
Related podcast episodes
Stephanie Kelton on the Economy and The Deficit Myth 100% found this document useful#183 - Is Nationalism a Force for Good?: With Colin Dueck, Prerna Singh, Andrew Keen, and Elif Shafak 0% found this document usefulThe Top 10 Conspiracy Books of All Time | Greg Carlwood: Episode 298 0% found this document usefulYascha Mounk: The Identity Trap 0% found this document usefulSlouching towards economic utopia (with Brad DeLong) 0% found this document usefulDana Mills, "Rosa Luxemburg" (Reaktion Books, 2020): An interview with Dana Mills 0% found this document usefulCryonics: Living Forever? 0% found this document usefulBryan Caplan - Education is a Waste of Time and Money 0% found this document usefulE. Michael Jones Talks Anti-Semitism and Counters ADL Propaganda 100% found this document usefulMatthew Connelly, "The Declassification Engine" 0% found this document usefulEmpowering the Future: A Deep Dive into 'Re-Segregation' & the Vision for Black Economic Empowerment 0% found this document useful
Related articles
The Story Of Money: How Human Behavior Shapes Economies — And Vice Versa NPRArticle
The Story Of Money: How Human Behavior Shapes Economies — And Vice Versa
Jan 21, 2020
1 min read‘Only $100m?’: Secrets Of Rich And Powerful Exposed In The Pandora Papers Met With A Weary Shrug The IndependentArticle
‘Only $100m?’: Secrets Of Rich And Powerful Exposed In The Pandora Papers Met With A Weary Shrug
Oct 7, 2021
4 min readTrust the Experts! Manhattan InstituteArticle
Trust the Experts!
Jun 27, 2020
3 min readMalignant Monetary Monocentricity The Independent ReviewArticle
Malignant Monetary Monocentricity
Sep 1, 2020
The monetary authority of the United States, the Federal Reserve, is widely perceived to be independent of politics. Founded with the relatively limited intention of formalizing the interbank clearing system, it would soon morph into a true central b
26 min readTrump Has a Peculiar Definition of Sovereignty The AtlanticArticle
Trump Has a Peculiar Definition of Sovereignty
Sep 28, 2019
4 min readLearning Nothing from Yesterday Manhattan InstituteArticle
Learning Nothing from Yesterday
Jun 18, 2019
4 min readThe Case Against Junipero Serra Journal of Alta CaliforniaArticle
The Case Against Junipero Serra
Oct 2, 2018
6 min readThe Lesson of the Jussie Smollett Case The AtlanticArticle
The Lesson of the Jussie Smollett Case
Feb 22, 2019
4 min readTo Reverse Inequality, We Need To Expose The Myth Of The ‘Free Market’ The GuardianArticle
To Reverse Inequality, We Need To Expose The Myth Of The ‘Free Market’
Dec 9, 2020
3 min readAn Unholy Path To War History of WarArticle
An Unholy Path To War
Jun 11, 2020
3 min readThere Are No Libertarians in an Epidemic The AtlanticArticle
There Are No Libertarians in an Epidemic
Mar 10, 2020
3 min readThe Economic Principle That Helps Me Order at Restaurants The AtlanticArticle
The Economic Principle That Helps Me Order at Restaurants
Aug 9, 2022
4 min readThe Classical Liberal Diaspora The Independent ReviewArticle
The Classical Liberal Diaspora
Feb 2, 2024
9 min readMoney Through the Ages ASIAN GeographicArticle
Money Through the Ages
Apr 8, 2020
5 min readThe Atlantic Daily: Who’s Afraid of Critical Race Theory? The AtlanticArticle
The Atlantic Daily: Who’s Afraid of Critical Race Theory?
Jun 28, 2021
2 min readA Divisive, Historically Dubious Curriculum Manhattan InstituteArticle
A Divisive, Historically Dubious Curriculum
Dec 3, 2019
3 min readTripping the Late Capitalist Sublime The MillionsArticle
Tripping the Late Capitalist Sublime
Jan 28, 2022
If our religion is capitalism, then our theology is consumerism and our God is the Invisible Hand. Our prayers are "Have it Your Way," "Think Different," and "Just Do It;" our avatars are Ronald McDonald, Mr. Peanut, and the Kool-Aid Man The post Tri
18 min readIs Corruption Really A Big Problem In Foreign Aid? NPRArticle
Is Corruption Really A Big Problem In Foreign Aid?
Aug 4, 2017
3 min readAmerica’s Monopolies Are Holding Back the Economy The AtlanticArticle
America’s Monopolies Are Holding Back the Economy
Feb 22, 2017
11 min read'Dictator For Life': Xi Jinping's Power Grab Condemned As Step Towards Tyranny The GuardianArticle
'Dictator For Life': Xi Jinping's Power Grab Condemned As Step Towards Tyranny
Feb 26, 2018
4 min readFloundering In The GENERATION GAP NZBusiness and ManagementArticle
Floundering In The GENERATION GAP
Jun 24, 2019
2 min readOn Anniversaries Foreign Policy MagazineArticle
On Anniversaries
Jan 19, 2021
Although successive editors have reiterated FOREIGN POLICY’s commitment—stated in its first issue—to publish writers at all points on the political spectrum, it is symptomatic of a larger national insecurity that the magazine has at times been under
1 min readBethany McLean On The Strange Saga Of The US Mortgage Giants Literary HubArticle
Bethany McLean On The Strange Saga Of The US Mortgage Giants
Aug 31, 2020
2 min readA Different Perspective Beijing ReviewArticle
A Different Perspective
May 28, 2020
The author is an honorary research fellow with the Academy of Contemporary China and World Studies and a research fellow with the China Institute, Fudan University The annual sessions of the National People’s Congress (NPC), China’s top legislature,
6 min readThe Ugly History of Dual-Loyalty Charges The AtlanticArticle
The Ugly History of Dual-Loyalty Charges
Mar 5, 2019
5 min readWhen Bankers Started Playing With Other People's Money The AtlanticArticle
When Bankers Started Playing With Other People's Money
Feb 28, 2017
9 min readThe Art Of Making It The RakeArticle
The Art Of Making It
Apr 5, 2018
14 min readThis Is the Long Game of Republican Economics The AtlanticArticle
This Is the Long Game of Republican Economics
Dec 7, 2017
4 min readThe Pandemic Has Created a Class of Super-Savers The AtlanticArticle
The Pandemic Has Created a Class of Super-Savers
Sep 3, 2020
5 min readThe 14th Amendment Was Meant to Be a Protection Against State Violence The AtlanticArticle
The 14th Amendment Was Meant to Be a Protection Against State Violence
Jul 19, 2020
5 min read
Reviews for Money, Power, and the People
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews