History Of Crises Under The National Banking System (1910)

""History of Crises Under the National Banking System"" is a book written by O. M. W. Sprague in 1910. The book provides a comprehensive analysis of the financial crises that occurred under the National Banking System in the United States. Sprague examines the causes and effects of these crises, as well as the responses of the government and financial institutions to them. The National Banking System was established in the United States in 1863, and it was intended to provide a stable and uniform banking system across the country. However, the system was not immune to financial crises, and Sprague documents the crises that occurred in 1873, 1884, 1890, and 1907. Sprague's analysis focuses on the factors that contributed to these crises, including speculation, overproduction, and the concentration of wealth. He also examines the responses of the government and financial institutions, including the creation of the Federal Reserve System in 1913. Overall, ""History of Crises Under the National Banking System"" provides a detailed and insightful analysis of the financial history of the United States in the late 19th and early 20th centuries. It is a valuable resource for anyone interested in the history of banking and finance in the United States.""This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.