Overview
Susan Hoffmann explores the influence of public philosophies - in particular, classic liberalism, utilitarianism, progressivism, and populism - on the development of US banking institutions. Focusing on banks, savings and loan associations and credit unions, Hoffmann demonstrates that though policy makers' political and economic interests surely played a role in the development of these institutions and the policies relating to them, we cannot overlook the importance of ideas. Following the development of banking from the first Congress through the Great Depression, Hoffmann begins by explaining how particular political ideas helped create the first Bank of the United States. She shows how other ideas - about the relationship between public and private spheres - led to the demise of the second Bank of the United States and establishment of the Independent Treasury. Further chapter topics include the development of the corporate bank; congressional debates on money and banking from the end of the Civil War through the Banking Act of 1935; the creation of savings and loan associations; and a discussion of how philosophical populism led to institutions and policies that emphasize economic democracy. The book concludes by examining the impact of neoliberal public philosophy on US banking today.
Full Product Details
Author: Susan Hoffmann (Western Michigan University)
Publisher: Johns Hopkins University Press
Imprint: Johns Hopkins University Press
Dimensions:
Width: 15.20cm
, Height: 2.40cm
, Length: 22.90cm
Weight: 0.567kg
ISBN: 9780801867026
ISBN 10: 0801867029
Pages: 320
Publication Date: 25 December 2001
Recommended Age: From 17
Audience:
College/higher education
,
Professional and scholarly
,
Undergraduate
,
Postgraduate, Research & Scholarly
Format: Hardback
Publisher's Status: Active
Availability: To order
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.
Reviews
<p> Offering a political scientist's view of the evolution of banking regulation in the United States, Susan Hoffmann approaches the creation of banks, savings and loans, and credit unions from the perspective of 'public philosophies' about money, banking, and credit... [Hoffmann also provides] a good analysis of the New Deal banking laws. -- Larry Schweikart, American Political Science Review
A readable and thought-provoking treatise... A good addition to the literature on financial history and public policy in banking. -- Lynne Pierson Doti Journal of Economic History Ideas matter. Susan Hoffmann, an assistant professor of political science at Western Michigan University, amply demonstrates this in her well-written study of the creation of financial institutions in the United States. -- Carolyn M. Shrewsbury Perspectives on Political Science The strength of the book is in its broad historical sweep. One cannot help but be impressed with the recitation of various events and actors. -- Jim Granato Journal of Politics Offering a political scientist's view of the evolution of banking regulation in the United States, Susan Hoffmann approaches the creation of banks, savings and loans, and credit unions from the perspective of 'public philosophies' about money, banking, and credit... [Hoffmann also provides] a good analysis of the New Deal banking laws. -- Larry Schweikart American Political Science Review
Author Information
Susan Hoffmann is assistant professor of political science at Western Michigan University.
