On July 4, Will You be Celebrating the Founders or the Status Quo?
On this July 4, Americans will celebrate 250 years of independence. However, what are people really celebrating, freedom or a militaristic regime?
U.S. History
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Conclusion
The Fed was a government-sanctioned cartel engineered by the Morgan, Rockefeller, and Kuhn, Loeb interests to enable coordinated inflation.
The Final Phase: Coping with the Democratic Ascendancy
With the Democrats ascendant under Wilson, the reformers repackage the Aldrich Plan as the ostensibly decentralized, government-supervised Federal Reserve—with Morgan-allied interests securing control.
The Panic of 1907 and Mobilization for a Central Bank
The Panic of 1907 becomes the catalyst. Rothbard traces the response.
Jacob Schiff Ignites the Drive for a Central Bank
Around 1906, Jacob Schiff and his relative Paul Warburg rally the American Bankers Association and its leading commercial bankers behind banking reform.
Conant, Monetary Imperialism, and the Gold-Exchange Standard
The theory put into practice: imposing the gold-exchange standard on U.S. dependencies and client states administered by a cadre of economists and academics and tying client currencies to the dollar.
Charles A. Conant, Surplus Capital, and Economic Imperialism
Rothbard shows how Conant’s claim that mature economies must export capital abroad linked banking reform to economic imperialism.
The Gold Standard Act of 1900 and After
Treasury secretaries Lyman Gage and Leslie Shaw used government deposits to aid the banks and inch the country toward central banking.
The Beginnings of the “Reform” Movement: The Indianapolis Monetary Convention
The first organized big-business push for banking reform.
Unhappiness with the National Banking System
Why the nation’s big banks grew dissatisfied with the post–Civil War National Banking System.
