click on thumbnail to zoom

History of Money and Banking in the United States: The Colonial Era to World War II, A

Average Rating:
The master teacher of American economic history covers money and banking, in a complete revision of the standard account.
List Price: $20.00
Price: $12.95


Hardcover Edition

The master teacher of American economic history covers money and banking in the whole of American history, to show that the meltdown of our times is hardly the first. And guess what caused them in the past? Paper money, loose credit, reckless lending standards, government profligacy, and central banking

When will we learn? When people understand the cause and effect in the history of these repeating calamities

In a complete revision of the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the Colonial Period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history. Never has the story of money and banking been told with such rhetorical power and theoretical vigor.

Here is how this book came to be. Rothbard died in 1995, leaving many people to wish that he had written a historical treatise on this topic. But the the archives assisted: Rothbard had in fact left several large manuscripts dedicated to American banking history.

In the course of his career, meanwhile, he had published other pieces along the same lines, but they appeared in venues not readily accessible. Given the desperate need for a single volume that covers the topic, the Mises Institute put together this thrilling book. So seamless is the style and argument, and comprehensive is coverage, that it might as well have been written in exactly the format.

The end result is Rothbard's (and the Austrian School's) answer to Friedman and Schwartz.

From the introduction by Joseph Salerno: "Rothbard employs the Misesian approach to economic history consistently and dazzlingly throughout the volume to unravel the causes and consequences of events and institutions ranging over the course of U.S. monetary history, from the colonial times through the New Deal era. One of the important benefits of Rothbard's unique approach is that it naturally leads to an account of the development of the U.S. monetary system in terms of a compelling narrative linking human motives and plans that often-times are hidden and devious, leading to outcomes that sometimes are tragic. One will learn much more about monetary history from reading this exciting story than from poring over reams of statistical analysis."


Average Rating:
(based on 1 review)

Showing 1 Review:

by Martin N.
on 4/21/2009
from CA
.)  Everybody has thought about getting quick payday loans at one time or another.  Currently, the normal avenue for quick payday loans is an actual payday loan store.  However, credit unions and traditional banks are trying to get in on the game of short-term loans and instant payday loans.  Their market share on short-term credit has been somewhat compromised because of the emergence of the payday lending industry.  Some credit unions say that their instant payday loans have lower interest than payday loan shops, but it isn't the truth – all you have to do is do a little shopping around and research.  If you need some temporary debt relief, then find the quick payday loans that suit you best.
Review and Rate this Item

Sections in this 500-page treatise:

I. "The History of Money and Banking Before the Twentieth Century." This was Rothbard's contribution to the minority report of the US Gold Commission and treats the evolution of the US monetary system from its colonial beginnings.

II. "Origins of the Federal Reserve." This thrilling paper lay unpublished for a long time and only recently appeared in the Quarterly Journal of Austrian Economics. It is easily the most comprehensive account in print. It names names and shows the constellation of interest-group affiliations that led to its creation.

III. "From Hoover to Roosevelt: The Federal Reserve and the Financial Elites." This previously unpublished paper goes into great detail on how the Morgan and Rockefeller financial interests shaped the political and behavior of the Fed.

IV. "The Gold-Exchange Standard in the Interwar Years." This large section has appeared in print but not in its full version. Rothbard elucidates the reasons why the British and US government in the 1920s re-created the gold standard in a manner that was profoundly flawed and potentially inflationary (leading to the Great Depression).

V. "The New Deal and the International Monetary System" This section appeared in a volume first published in 1976 and which is now very difficult to find. Rothbard argues that an abrupt shift occurred in monetary policy just before the US entered World War. He shows who benefited from the shift from dollar nationalism to dollar imperialism. He concludes with a smashing attack and expose of the Bretton Woods agreement of 1944.

ISBN 9780945466338
eISBN 9781610164351
UPC B0049H938A
Publisher Ludwig von Mises Institute
Publication Date 2005
Binding HB
Page Length 510

The Theory of Money and Credit
Mises wrote this book for the ages, and it remains the most spirited, thorough, and scientifically rigorous treatise on money to ever appear.
Price: $15.00
The Case for a 100 Percent Gold Dollar
Rothbard not only argues for the gold standard; he shows how it can be restored in a practical, step-by-step plan. No other system will stop the seemi...
Price: $5.00
Austrian Theory of the Trade Cycle and Other Essays, The
Booms and busts are not endemic to the free market, argues the Austrian theory of the business cycle. 

Saving gets us genuine growth, ...
Price: $9.95
Antitrust and Monopoly
Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does anti...
Price: $18.95
Money, Bank Credit, and Economic Cycles
Can the market fully manage the money and banking sector?

Price: $25.00
Short History of Money and Banking
"The bank was saved but the money was ruined."
Price: $25.00
History of Money and Banking in the United States: The Colonial Era to World War II - Digital Book
The master teacher of American economic history covers money and banking, in a complete revision of the standard account.
Price: $5.00
Cronyism: Liberty versus Power in Early America, 1607–1849
HARDCOVER PRE-ORDER! Estimated ship date is Nov 1, 2021.

Price: $25.00