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For Each the Strength of All: A History of Banking in New York State
Paperback
ISBN13: 9780814735145
Publisher: New York University Press
Published: May 1 1995
Pages: 336
Weight: 2.57
Height: 0.97 Width: 8.31 Depth: 10.33
Language: English
Banking establishments, declared Thomas Jefferson back in 1799, are more dangerous than standing armies. Such armies are no longer cause for serious alarm. But commercial banking institutions, while justly applauded as the prime architects of America's economic success, are still assailed today--most recently by victims of the savings and loan debacle--as little better than the freakish hydra-headed monstrosities of yesteryear.
Published to coincide with the Centennial of the New York State Bankers Association, For Each, the Strength of All not only delineates the great achievements and the great financial disasters of the last two centuries, but brings to life the colorful and often quirky men who made the key decisions at pivotal moments in the financial life of the nation. It throws new light on the celebrated duel between Hamilton and Burr (a fix that may have gone awry), the covert financing of the North in the Civil War years, and the negotiations (so secret that participants travelled under assumed names) that helped produce the Federal Reserve Act of 1913.
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