One reason the U.S. was late to create a central bank was that earlier renditions of central banks, the First and Second Banks of the United States (1791-1811 and 1816-1836, respectively), drew political fire as large, financially powerful corporations. Although both institutions performed well, it proved impossible for either to convince both a congressional majority […]

This entry was posted on Tuesday, January 18th, 2011 at 5:00 pm and is filed under Full Professor Lecture Series.