By Robert E. Wright
In this designated, well-illustrated ebook, readers learn the way fifty monetary agencies got here to dominate the U.S. banking method and their impression at the nation's political, social, and monetary development. a narrative that spans greater than centuries of conflict, challenge, and chance, this account reminds readers that American banking was once by no means a hard and fast company yet has advanced in tandem with the country.
More than 225 years have handed considering the fact that Alexander Hamilton created one of many nation's first advertisement banks. through the years, those associations have replaced arms, names, and destinations, reflecting a wave of mergers, acquisitions, and different restructuring efforts that echo adjustments in American finance. a few names, reminiscent of financial institution of the US and Wells Fargo, might be typical to readers. The origins of others, together with Zions Bancorporation, based by means of Brigham younger and owned by way of the Mormon Church till 1960, are astonishing. Exploring why a few banks failed and others thrived, this ebook wonders, in mild of the 2008 monetary predicament, no matter if fresh consolidations have reached or perhaps passed economically rational limits. A key textual content for navigating the advanced terrain of yank finance, this quantity attracts a desirable genealogy for projecting the monetary way forward for a nation.
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