Panic In The Senate

Author : Michael Trapani
Publisher : Algora Publishing
ISBN 13 : 1628944579
Total Pages : 216 pages
Book Rating : 4.70/5 ( download)

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Download or read book Panic in the Senate written by Michael Trapani and published by Algora Publishing. This book was released on 2021-05-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: President Andrew Jackson fought many battles, but equally important, in the 1830s he campaigned passionately to limit the power of the federal government and that of the central bank. He argued vehemently that the Bank gave privilege and unfair advantage to the elite few at the expense of the public. The events retold in this book foreshadowed some of the conflicts dividing the U.S. today. Questions about how much power the President ought to have and how much the central bank could exercise in controlling the economy riled the nation. The Senate session of the 23rd Congress (often called the “Panic Session”) served as the main arena for two battles: what form the American presidency would take and the economic direction the country would follow. This became the most crucial political debate during the antebellum period, outside of the slavery issue. Offering a deep analysis of the arguments put forth by Jackson’s Senate allies and their opponents, this book fills an important void. These debates are crucial to understanding the formation of the second party system, the evolution of the presidency under Jackson, and the economic direction the country took as it spiraled uncontrollably towards the Civil War. The debates of the session are often condensed down to the words of Senate giants such as Henry Clay, John C. Calhoun, and Daniel Webster, but this book argues that others’ contributions to the session were equally significant. The Bank War altered the economic course the country had followed since its birth, but further, the manner in which Jackson waged the war forever changed the nature and power of the American president, as well as its relationship to the people.

Author : John Warwick Daniel
Publisher : Wentworth Press
ISBN 13 : 9781011271962
Total Pages : 62 pages
Book Rating : 4.66/5 ( download)

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Download or read book The Panic - Its Causes And Its Remedy written by John Warwick Daniel and published by Wentworth Press. This book was released on 2019-03-25 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author : David Wessel
Publisher : Crown Currency
ISBN 13 : 0307459691
Total Pages : 354 pages
Book Rating : 4.95/5 ( download)

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Download or read book In FED We Trust written by David Wessel and published by Crown Currency. This book was released on 2010-08-03 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Whatever it takes” That was Federal Reserve Chairman Ben Bernanke’s vow as the worst financial panic in more than fifty years gripped the world and he struggled to avoid the once unthinkable: a repeat of the Great Depression. Brilliant but temperamentally cautious, Bernanke researched and wrote about the causes of the Depression during his career as an academic. Then when thrust into a role as one of the most important people in the world, he was compelled to boldness by circumstances he never anticipated. The president of the United States can respond instantly to a missile attack with America’s military might, but he cannot respond to a financial crisis with real money unless Congress acts. The Fed chairman can. Bernanke did. Under his leadership the Fed spearheaded the biggest government intervention in more than half a century and effectively became the fourth branch of government, with no direct accountability to the nation’s voters. Believing that the economic catastrophe of the 1930s was largely the fault of a sluggish and wrongheaded Federal Reserve, Bernanke was determined not to repeat that epic mistake. In this penetrating look inside the most powerful economic institution in the world, David Wessel illuminates its opaque and undemocratic inner workings, while revealing how the Bernanke Fed led the desperate effort to prevent the world’s financial engine from grinding to a halt. In piecing together the fullest, most authoritative, and alarming picture yet of this decisive moment in our nation’s history, In Fed We Trust answers the most critical questions. Among them: • What did Bernanke and his team at the Fed know–and what took them by surprise? Which of their actions stretched–or even ripped through–the Fed’s legal authority? Which chilling numbers and indicators made them feel they had no choice? • What were they thinking at pivotal moments during the race to sell Bear Stearns, the unsuccessful quest to save Lehman Brothers, and the virtual nationalization of AIG, Fannie Mae, and Freddie Mac? What were they saying to one another when, as Bernanke put it to Wessel: “We came very close to Depression 2.0”? • How well did Bernanke, former treasury secretary Hank Paulson, and then New York Fed president Tim Geithner perform under intense pressure? • How did the crisis prompt a reappraisal of the once-impregnable reputation of Alan Greenspan? In Fed We Trust is a breathtaking and singularly perceptive look at a historic episode in American and global economic history.

Author : William H. Frist
Publisher : Rowman & Littlefield
ISBN 13 : 9780742522459
Total Pages : 238 pages
Book Rating : 4.58/5 ( download)

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Download or read book When Every Moment Counts written by William H. Frist and published by Rowman & Littlefield. This book was released on 2002 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in an easy-to-use question-and-answer format, "When Every Moment Counts" provides Americans with an accessible, comprehensive guide to dealing with the realistic threat of bioterrorism.

Author : William I. Hitchcock
Publisher : Simon and Schuster
ISBN 13 : 1451698437
Total Pages : 895 pages
Book Rating : 4.35/5 ( download)

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Download or read book The Age of Eisenhower written by William I. Hitchcock and published by Simon and Schuster. This book was released on 2018-03-20 with total page 895 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New York Times–bestselling biography: a “complete and powerful assessment” of Dwight D. Eisenhower’s presidency (Booklist, starred review). Drawing on newly declassified documents and thousands of pages of unpublished material, The Age of Eisenhower tells the story of a masterful president guiding the nation through the great crises of the 1950s, from McCarthyism and the Korean War through civil rights turmoil and Cold War conflicts. This is a portrait of a skilled leader who, despite his conservative inclinations, found a middle path through the bitter partisanship of his era. At home, Eisenhower affirmed the central elements of the New Deal, such as Social Security; fought the demagoguery of Senator Joseph McCarthy; and advanced the agenda of civil rights for African-Americans. Abroad, he ended the Korean War and avoided a new quagmire in Vietnam. Yet he also charted a significant expansion of America’s missile technology and deployed a vast array of covert operations around the world to confront the challenge of communism. As he left office, he cautioned Americans to remain alert to the dangers of a powerful military-industrial complex that could threaten their liberties. Today, presidential historians rank Eisenhower fifth on the list of great presidents, and William Hitchcock’s “rich narrative” shows us why Ike’s stock has risen so high. He was a gifted leader, a decent man of humble origins who used his powers to advance the welfare of all Americans (The Wall Street Journal).

Author : Reginald Charles McGrane
Publisher :
ISBN 13 :
Total Pages : 276 pages
Book Rating : 4.77/5 ( download)

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Download or read book The Panic of 1837 written by Reginald Charles McGrane and published by . This book was released on 1924 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Clément Juglar
Publisher :
ISBN 13 :
Total Pages : 170 pages
Book Rating : 4.53/5 ( download)

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Download or read book A Brief History of Panics and Their Periodical Occurrence in the United States written by Clément Juglar and published by . This book was released on 1893 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : W.J. Lauck
Publisher : Рипол Классик
ISBN 13 : 1178361209
Total Pages : 137 pages
Book Rating : 4.09/5 ( download)

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Download or read book The causes of the panic of 1893 written by W.J. Lauck and published by Рипол Классик. This book was released on with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Sarah Binder
Publisher : Princeton University Press
ISBN 13 : 069119159X
Total Pages : 301 pages
Book Rating : 4.91/5 ( download)

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Download or read book The Myth of Independence written by Sarah Binder and published by Princeton University Press. This book was released on 2019-07-09 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.

Author : Edward L. Widmer
Publisher : Macmillan
ISBN 13 : 0805069224
Total Pages : 208 pages
Book Rating : 4.28/5 ( download)

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Download or read book Martin Van Buren written by Edward L. Widmer and published by Macmillan. This book was released on 2005-01-05 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first president born after America's independence ushers in a new era of no-holds-barred democracy The first "professional politician" to become president, the slick and dandyish Martin Van Buren was to all appearances the opposite of his predecessor, the rugged general and Democratic champion Andrew Jackson. Van Buren, a native Dutch speaker, was America's first ethnic president as well as the first New Yorker to hold the office, at a time when Manhattan was bursting with new arrivals. A sharp and adroit political operator, he established himself as a powerhouse in New York, becoming a U.S. senator, secretary of state, and vice president under Jackson, whose election he managed. His ascendancy to the Oval Office was virtually a foregone conclusion. Once he had the reins of power, however, Van Buren found the road quite a bit rougher. His attempts to find a middle ground on the most pressing issues of his day-such as the growing regional conflict over slavery-eroded his effectiveness. But it was his inability to prevent the great banking panic of 1837, and the ensuing depression, that all but ensured his fall from grace and made him the third president to be denied a second term. His many years of outfoxing his opponents finally caught up with him. Ted Widmer, a veteran of the Clinton White House, vividly brings to life the chaos and contention that plagued Van Buren's presidency-and ultimately offered an early lesson in the power of democracy.