The Great Debate on Banking Reform

Download or read book The Great Debate on Banking Reform written by Elmus Wicker and published by Ohio State University Press. This book was released on 2005 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Eminent historian of economics Elmus Wicker examines the events which spurred a series of banking panics beginning in 1893-94, that led to the creation of the U.S. Federal Reserve Bank twenty years later. A serious lacuna exists in the literature on the origins of the Federal Reserve System. What is absent is a fair appraisal of the role Senator Nelson Aldrich, prominent Rhode Island senator, played. Carter Glass captured the acclaim while asserting that Aldrich be granted equal billing with Glass as "fathers" of the Federal Reserve System."--BOOK JACKET.