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Origins of the Federal Reserve System - Money, Class, and Corporate Capitalism, 1890-1913 (Paperback, New edition)
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Origins of the Federal Reserve System - Money, Class, and Corporate Capitalism, 1890-1913 (Paperback, New edition)
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The rise of corporate capitalism during the late 19th and early
20th centuries has long been a source of lively debate among
historians. In Origins of the Federal Reserve System, James
Livingston approaches this controversial topic from a fresh
perspective, asking how, during this era, a "new order of
corporation men" made itself the preeminent source of knowledge on
all significant economic issues and thereby changed the character
of public and political discourse in the United States. The book
seeks to uncover the roots of the Federal Reserve System and to
explain the awakening and articulation of class consciousness among
America's urban elite, two phenomena that its author sees as
inseparable. According to Livingston, the movement for banking and
monetary reform that led to the creation of the Federal Reserve
System played an important role in the general transition from
entrepreneurial to corporate capitalism: it was during this
struggle for reform that a group of business leaders first emerged
as a new corporate social class. This interdisciplinary account of
the social, cultural, and intellectual Origins of the Federal
Reserve System offers both a discussion of the sources of modern
public policy and a persuasive study of upper-class formation in
the United States. The book will interest a wide audience of
historians, economists, political scientists, sociologists, and
others who wish to understand the rise of America's corporate
elite, the class that has played a large-if not dominant-role in
20thcentury America.
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