Cover image for Banking and finance, 1913-1989
Banking and finance, 1913-1989
Schweikart, Larry.
Publication Information:
New York : Facts on File, 1990.
Physical Description:
xxxvii, 505 pages ; 29 cm.
General Note:
"A Bruccoli Clark Layman book."
Added Author:
Format :


Call Number
Material Type
Home Location
Item Holds
HG2481 .B325 1990 Adult Non-Fiction Central Closed Stacks-Oversize Non-Circ

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Concluding the EABH&B's coverage of American banking and finance, this volume includes entries on the Bank of the United States, NYSE/Margin buying, Andrew Mellon, Charles Merrill, the Glass-Steagall Act, John M. Keynes, Manufacturers-Hanover, and Security Pacific Bank. Annotation(c) 2003 Book News, Inc., Portland, OR (

Reviews 2

Library Journal Review

This is the latest entry in an ongoing multivolume series that ``chronicles America's material civilization through its business figures and businesses.'' Others in the series include Railroads in the Age of Regulation, 1900-1980 ( LJ 6/15/88) and Iron and Steel in the Nineteenth Century ( LJ 8/89)-- Ed . Focusing on issues that have influenced the American banking industry in this century, the book consists of 115 entries that range from short topic discussions (e.g., commercial and investment banks) to longer summaries of key government legislation (e.g., the Glass-Steagall Act) to lengthy biographies (e.g., Michael Milken). Though the single volume is costly, and there is no mention of updates, this is the type of work that will be eagerly sought out by students or researchers in years to come and will no doubt become a well-used reference tool. Recommended for large business collections.-- Richard Drezen, Merrill Lynch Capital Markets Lib., New York (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Choice Review

The editor of this newest volume in the "Encyclopedia of American Business History and Biography" series asserts that the "story of American banking in the twentieth century is the tale of growing financial democracy." Yet, it is also a tale of rogues who have outdone even their 19th-century counterparts in chicanery. To its credit, this volume goes a long way toward explaining to the nonexpert the seemingly unfathomable world of finance. Schweikart's excellent, lengthy introduction places the entries in their historical context, describing the emergence and characteristics of the "Third Banking Era" in US history, from the inauguration of the Federal Reserve System in 1913 to the present. The entries themselves, on banks, individual bankers, banking legislation, types of institutions (i.e., commercial banks, Morris Plan banks), and relevant subjects, capture the daring of entrepreneurs as well as the institutional conservatism of the system. Regulators as well as mavericks are covered in a lively and thorough fashion. As with any volume, omissions can be discovered. For example, despite excellent recent work by Thomas Ferguson and Steven Fraser, there is no portrait of the new commercial investment banks that aligned with Franklin Roosevelt's New Deal. Still, minor quibbles do not detract from the work's value. A superb series under able editorial direction, and this volume is no exception. Recommended. -K. Fones-Wolf, West Virginia University