MONEY & BANKING

by Scott, William A

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NY:: Holt,, 1916. Hardcover; spine ends lightly worn; otherwise, good.. + references + statistical tables + index. 5th edn. ||| History of American National & State banks; rise of Trust companies; American banking in 1915 vis-a-vis regulatory laws, allowable investments, etc.; then-current banking practices in Canada, England, France, Germany. ||| 1913 Federal Reserve Act, passed despite major banks' bitter opposition, is hopefully reviewed, saying it would correct banking abuses, stabilize credit, & provide national liquidity, thus avoiding panics & runs on banks. ||| The Act, & promised `self-regulation' did not solve all problems --Federal Deposit Insurance protection for bank customers, & curbs on Wall Street speculation had to be ordered in 1933.