America's Bank

Roger Lowenstein

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"America's Bank: The Epic Struggle to Create the Federal Reserve" is a historical nonfiction book written by Roger Lowenstein. The book explores the events and circumstances leading to the establishment of the Federal Reserve System in the United States.

Published in 2015, "America's Bank" delves into the financial and political landscape of the early 20th century, examining the economic challenges and crises that prompted the need for a central banking system. The narrative focuses on key figures such as Paul Warburg, Nelson Aldrich, and Woodrow Wilson, among others, who played significant roles in shaping the Federal Reserve Act of 1913.

Lowenstein provides a detailed account of the debates, negotiations, and compromises that took place during the creation of the Federal Reserve, highlighting the complexities and controversies surrounding the establishment of this crucial institution. The Federal Reserve System, as outlined in the book, was designed to address issues related to banking panics, financial stability, and the overall management of the U.S. monetary system.

If you're interested in American economic history and the development of financial institutions, "America's Bank" offers a comprehensive and accessible exploration of the events leading to the creation of the Federal Reserve.