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The Franklin Roosevelt Model for Recovery

By Nancy Spannaus Aug. 10, 2016—When President Franklin Delano Roosevelt took action within his first 100 days to control the U.S. economy from the marauding speculating bankers who had brought it to its knees, he knew that stopping financial crime was not going to be enough. Americans needed the opportunity […]

by June 14, 2017 Infrastructure

The Fight to Restore Glass-Steagall

June 12–Efforts to revive the American System today are being led by the campaign to reinstate FDR’s Glass-Steagall law. The LaRouche Political Action Committee began to agitate for this measure in the fall of 2008, and by 2010 the drive had become an active issue in the U.S. Congress, at […]

by June 12, 2017 Glass-Steagall

Nomi Prins to President Trump: Glass-Steagall or Another Meltdown

Dear President Trump: Breaking Up (Banks) Isn’t So Hard to Do: Glass-Steagall or Another Economic Meltdown? By Nomi Prins (The following open letter was issued June 8, 2017.) Donald, listen, whatever you’ve done so far, whatever you’ve messed up, there’s one thing you could do that would make up for a […]

by June 12, 2017 Glass-Steagall, News

Reps. Kaptur and Jones vow to fight on for Glass-Steagall

  June 6, 2017,Washington, D.C. – Today, Congresswoman Marcy Kaptur (OH-09) and Congressman Walter Jones (NC-03) testified to the House Rules Committee on their bipartisan amendment to H.R. 10, the Financial CHOICE Act. The Kaptur-Jones amendment would have removed the bill’s current language, which takes America backward on Wall Street […]

by June 10, 2017 News
President George Washington (1789-1797)

President George Washington (1789-1797)

Our first President (1732-1799) was of one mind with Alexander Hamilton on the requirements for establishing a credit system that would use federal government powers to develop the U.S. economy through promoting scientific agriculture and manufactures. He was committed to creating unity in the nation through economic projects, and to […]

by June 9, 2017 Statesmen
Henry Clay

Henry Clay

It is to Henry Clay (1777-1852) that the concept of the American System is most commonly attributed. Clay came on the political scene in the election of 1810 as an advocate of American national interests against the depredations of the British Empire at the time. As Speaker of the House […]

by June 9, 2017 Statesmen
President John Quincy Adams (1825-1829)

President John Quincy Adams (1825-1829)

John Quincy Adams (1767-1848) began his advocacy of the American System during his first term in Congress, as a U.S. Senator from Massachusetts, and continued it throughout a career as a diplomat, Secretary of State, President, and Congressman. His concept was to develop the nation through upgrading its infrastructure and […]

by June 9, 2017 Statesmen
President Abraham Lincoln (1861-1865)

President Abraham Lincoln (1861-1865)

During his first run for political office in Illinois, Abraham Lincoln (1809-1865) described his platform thus: “My politics are short and sweet, like an old woman’s dance. I’m in favor of a national bank. I’m in favor of the internal improvement system and a high protective tariff. These are my […]

by June 9, 2017 Statesmen
President William McKinley (1797-1901)

President William McKinley (1797-1901)

William McKinley (1843-1901) was the last American President—until the recent comments by President Trump—to acclaim the American System, and he acted to put it into effect. For McKinley, the core of the system was the protective tariff, by which he expected the Federal government to ensure the health of industry, […]

by June 9, 2017 Statesmen

Alexander Hamilton

Alexander Hamilton’s concept of the American System was most fully developed in his Report on the Subject of Manufactures, submitted to the U.S. Congress, upon its request, in December of 1791. There, at great length, Hamilton lays out the way in which the productive powers of labor are increased in […]

by June 8, 2017 Economists