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America's Bank

Roger Lowenstein tells the political and financial story of the creation of the Federal Reserve. After repeated banking panics exposed the fragility of America's decentralized financial system, reformers struggled to design a central institution compatible with the country's distrust of concentrated power. The book follows bankers, politicians, farmers, and progressive activists through the negotiations that produced the 1913 Federal Reserve Act. Lowenstein shows that the Fed was not born from a single technocratic blueprint but from fierce regional and ideological conflict—debates over money, democracy, and government authority that still shape central banking today.

Publisher: Penguin
Publication date: 2015
Format: Print edition
Pages: 355
ISBN: 9781594205491

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Interview with the Author

5 available interview links

1. Booktalk with Diana Korte — Similarities between Mr. Putin's War and the Confederacy? Roger Lowenstein, author of “WAYS & MEANS," explains.Checked