The Federal Reserve Act

By Robert Latham Owen

Book Overview

How did the United States design its central bank? Owen Robert Latham's The Federal Reserve Act offers a lucid, contemporary exposition of the legislation that shaped modern American finance. It remains essential reading today. Written in the heat of early 20th century America, Latham's account reads as both legal explanation and practical commentary: it traces the origins of central banking, maps federal banking system history and describes the early phases of monetary policy development without unnecessary jargon. A classic economic policy text in its clarity and ambition, the book places the Act within broader US economic reform and Progressive Era finance, making complex institutional change intelligible to a general reader. At the same time, its rooted perspective provides government policy researchers and students of economics with a compact, dependable portrait of historical finance legislation and institutional intent. His tone is explanatory rather than polemical, offering a measured account of legal design and policy trade-offs. Those qualities make the volume an immediate primer on monetary institutions for readers without specialised training. Republished by Alpha Editions in a careful modern edition, this volume preserves the spirit of the original while making it effortless to enjoy today - a heritage title prepared for readers and collectors alike. More than a legislative history, The Federal Reserve Act is a primary-era document important to comparative banking history and to any foundational finance collection. Casual readers seeking a window into how money and policy were rethought will find clear, engaging prose; classic-literature collectors and archivists will prize the book as a cultural artefact of reform-era thought. Economists, teachers and government policy researchers will recognise its usefulness as an economics students resource and a starting point for tracing the long arc of central banking in the modern world. In libraries and private shelves alike it complements modern scholarship by preserving a contemporary vantage point; historians of reform-era America and comparative banking history will find it a revealing source on how policy ideas translated into statute. It rewards repeat reading and archival study.

• Format: Paperback
• Language: English
• ISBN: 935430236X
• ISBN13: 9789354302367
• Release Date: November 2020
• Publisher: Alpha Edition
• Length: 112 Pages
• Weight: 0.39 lbs.
• Dimensions: 0.3" x 6.0" x 9.0"