Alexander Hamilton at the US Treasury

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“Congress Must Not Wait–The Chance to Restore Glass-Steagall Is Now”

June 16, 2017—Eighty-four years ago today, President Franklin Roosevelt capped off a marathon 100-day session of Congress with the signing of the Glass-Steagall Banking Bill. That bill, which was actively promoted by some powerful Wall Street bankers as well as the general public, was specifically aimed at providing for “the […]

by June 16, 2017 Glass-Steagall, News

Glass-Steagall Advocates Press Their Case

June 15, 2017—Some Glass-Steagall advocates just won’t take `no’ for an answer. Among them are former Reagan Administration Assistant Treasury Secretary Paul Craig Roberts, and Democratic Representatives Marcy Kaptur (Ohio) and Tulsi Gabbard (Hawaii). On June 8 Roberts posted an article  under the title “Without Glass-Steagall America Will Fail.” Roberts […]

by June 16, 2017 Glass-Steagall

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

How to Rebuild Our Infrastructure: Draft Legislation To Create a Bank of the United States for Infrastructure and Manufacturing

June 12–Once the separation between commercial banking and speculation has been re-established, the problem of a supply of cheap, long-term credit for the physical economy is easily solvable. Given the enormous needs for infrastructure building and rebuilding, this will require Federal credit and Federal credit guarantees. There are various means […]

by June 14, 2017 Features, 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 Features, 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)

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

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)

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