MARC Record from marc_nuls

LEADER: 03753cam 2200409 i 4500
001 9925411204901661
005 20190920153515.1
008 181231t20192019ilua b 001 0 eng c
010 $a 2018059623
020 $a9780226636337$q(hardcover$qalkaline paper)
020 $a022663633X$q(hardcover$qalkaline paper)
020 $z9780226636474$q(electronic book)
035 $a99981880488
035 $a(OCoLC)1083699092
035 $a(OCoLC)on1083699092
040 $aICU/DLC$beng$erda$cDLC$dOCLCO$dOCLCF$dSFR$dYDX$dREC$dOCLCQ
042 $apcc
043 $an-us---
050 00 $aHG2481$b.S49 2019
082 00 $a332.10973$223
100 1 $aShaw, Christopher W.,$eauthor.
245 10 $aMoney, power, and the people :$bthe American struggle to make banking democratic /$cChristopher W. Shaw.
264 1 $aChicago :$bThe University of Chicago Press,$c2019.
264 4 $c℗♭2019
300 $av, 410 pages ;$c24 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
504 $aIncludes bibliographical references and index.
520 $aBanks 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.
505 0 $aThe bankers' panic of 1907 -- The Emergency Currency Act -- Financial heterodoxy gains ground -- Central banking and agricultural credit -- From armistice to depression -- The 1930s banking crisis -- The Emergency Banking act -- The Banking Act of 1933 -- Government programs and mutual aid -- The new deal for farmers and workers -- The Banking Cct of 1935 -- The decline of banking politics -- The fall of banking politics -- Epilogue.
650 0 $aBanks and banking$xSocial aspects$zUnited States.
650 0 $aBanks and banking$zUnited States$xCitizen participation.
650 0 $aBanks and banking$xGovernment policy$zUnited States$xHistory$y20th century.
650 0 $aBanks and banking$zUnited States$xHistory$y20th century.
947 $hCIRCSTACKS$r31786103136260
980 $a99981880488