Arts and Humanities Commons^™

Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman

The Downtown Review

Under financial capitalism, ordinary people are increasingly becoming 'unwilling gamblers' of a risky and unstable system. This paper explores the social and institutional change behind the neoliberal movement and considers how the politics and policies of neoliberalism have contributed to a certain environment of financial instability. Looking at the changing nature of the economy, the rapid expansion of the financial sector, and the persisting issue of moral hazard underlying risky and speculative behaviors among other items, reveals a financial system in which recessions and crises can be considered a natural, although not inevitable, effect.

Canadian Banks And Imperialism In The English-Speaking Caribbean, Tamanisha J. John

FIU Electronic Theses and Dissertations

Canadian banks have been important components of an imperialist system since at least the 19^th century. However, their long and rich history of operating as purely exploitative entities in the English-speaking Caribbean region is often overlooked— leading to many incomplete and conflicting narratives about Canada’s role within the global system. I argue that Canada is an imperial actor that exerts agency in supporting a Canadian banking oligopoly both within Canada and in the English-speaking Caribbean. Insufficient attention is given to these Canadian banks, especially considering the power they have wielded in the Caribbean over the centuries. By analyzing the …

From Hard Money To Branch Banking California Banking In The Gold Rush Economy, Larry Schweikart, Lynne Pierson Doti

Economics Faculty Articles and Research

In Gold Rush–era California, banking and the financial sector evolved in often distinctive ways because of the Gold Rush economy. More importantly, the abundance of gold on the West Coast provided an interesting test case for some of the critical economic arguments of the day, especially for those deriving from the descending—but still powerful—positions of the “hard money” Jacksonians.

The Birth Of The U.S. Federal Reserve, Richard A. Naclerio

History Faculty Publications

On November 16, 2014 the United States Federal Reserve celebrated the centennial of its organization. Its one hundred year legacy has left no doubt of its vast monetary control, its far-reaching geopolitical power, and its enigmatic secrecy. These defining features of the Fed remain a mirror of the men who created it. Wall Street barons and ambitious politicians vied for control over shaping the U.S. Federal Reserve to the specifications that suited the needs of both their country and themselves.

This paper covers men like Senator Nelson Aldrich, J.P. Morgan, Jacob Schiff, and Paul M. Warburg, who were the undeniable …

Paul M. Warburg: Founder Of The United States Federal Reserve, Richard A. Naclerio

History Faculty Publications

The name Paul Moritz Warburg is synonymous with the founding of the Federal Reserve System. Over the years preceding the formation of the Federal Reserve, Warburg wrote many essays and gave many public addresses on banking reform. His reform ideas were modeled on the central banking systems of many European counties he dealt with through the family business M.M. Warburg.

Banking In California: Some Evidence On Structure, 1878-1905, Lynne Doti

Economics Faculty Articles and Research

Doti’s thesis explains the contribution of state banks to nineteenth century financial history in the United States.

The Structure And Functions Of The Federal Reserve System Of The United States Today, William Law Goode

College Books

An overview of the history of the Federal Reserve system from its creation in 1913 to the late 1930s, and a description of its structure as of the late 1930s.

John Hutchinson Letter To Joseph Fulford; December 2, 1863, North Carolina, John Hutchinson

Broadus R. Littlejohn, Jr. Manuscript and Ephemera Collection

Hutchinson encloses a check to Fulford and instructs "please fill up for amt of my note due the Merchants' Bank of Newbern_ Please cancel the Note + send it to me."

Letter From Charles Carroll Of Carrollton Concerning Outstanding Debt Owed Him. 1829., Charles Carroll Iii, Of Carrollton

Broadus R. Littlejohn, Jr. Manuscript and Ephemera Collection

Charles Carroll of Carrollton was a wealthy Maryland planter and the last signer of the Declaration of Independence to die. This letter, concerning an outstanding debt owed to him, was written 3 years before his death at age 95.