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History of Money and Banking in the United States: From the Colonial Period to World War II

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History of Money and Banking in the United States: From the Colonial Period to World War II
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In A History of Banking and Money Circulation in the United States, the author explores periods of inflation, banking panics, and the collapse of monetary systems in America from colonial times to the mid-20th century, showing that the cause of almost all major economic disasters in American history is a systematic and deliberate effort by the state to expand the inflationary potential of the banking system, ultimately leading to the current paper-dollar standard. The author brings to light the financial interests and ideology of the business elite at different stages of the formation of the U.S. banking sector, revealing the links between motives and plans, often secret and roundabout, and the results, which sometimes turn out to be tragic.
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