Latest Posts

Franklin Roosevelt Addresses the Nation on Banking Crisis in March, 1933

FDR’s Hundred Days, 85th Anniversary: Profound Crises Require Real Leadership

Book Review by John Ascher   Nothing to Fear: FDR’s Inner Circle and the Hundred Days that Created Modern America, Adam Cohen Penguin Press, 2009, 372 pp.   April 21, 2018–Outstanding amongst the more recent portrayals of President Franklin Roosevelt’s “100 Days” is the account in Nothing to Fear, the […]

by April 21, 2018 Commentary, Glass-Steagall, History
A full-throated tweet (Larry Keller-birdshare)

AmericanSystemNow Takes Flight–Now on Twitter

April 17, 2018—Americansystemnow. com has a new platform for circulation and expansion. You can now find us on twitter! We urge our readers to take advantage of this move in order to “tweet away” with links to our growing array of articles, and help us build up a broad following. […]

by April 18, 2018 About
Interstate commerce like the C&O Canal, shown here, demanded a national legal infrastructure. (National Park Service)

Creating Legal Infrastructure for a National Economy

Part II of The Supreme Court Affirms the American System by Edward Spannaus April 17, 2018–As we discussed in the first article in this series, John Marshall’s monumental ruling in McCullough vs. Maryland not only upheld the constitutionality of the National Bank, but it established in American law the principle that […]

by April 17, 2018 Commentary
Rob Atkinson (left) and Michael Lind at the National Press Club on April 16, 2018. (Nancy Spannaus)

New Book Argues “Big Is Beautiful”

By Nancy Spannaus Washington, D.C., April 16, 2018—“Big Is Beautiful,” argue the authors of a new book by that name presented at the National Press Club today. In a panel discussion moderated by Financial Times editor Edward Luce, co-authors Rob Atkinson of the Information Technology and Innovation Foundation (ITIF)   and […]

by April 16, 2018 News
Let the Debate on Hamiltonian Policies Begin!

Let the Debate on Hamiltonian Policies Begin!

Alexander Hamilton on Finance, Credit, and Debt Richard Sylla and David J. Cowen Columbia University Press, New York City, 2018, 345 pp. A review by Nancy Spannaus April 13, 2018—When co-author Richard Sylla presented this book at the National Archives on March 14, I immediately thought that his Alexander Hamilton […]

by April 15, 2018 Commentary
FDR signs the legislation creating the Tennessee Valley Authority (TVA)

FDR’s TVA Provides a Model for Development

By Nancy Spannaus April 10, 2018–If one had to pick one project initiated by President Franklin Delano Roosevelt (FDR) in his first 100 days which has had the most lasting success, the choice would clearly be the Tennessee Valley Authority (TVA). FDR announced his intention to procure legislation for the […]

by April 10, 2018 Commentary, News
Norris Dam, the first to be completed by the TVA

How the TVA Transformed the Tennessee Valley

The following is an excerpt from a 2011 article by Marsha Freeman, entitled Roosevelt’s TVA: The Development Program that Transformed a Region and Inspired the World. It is published with her permission. The full article can be found here.  Electricity for All The first challenge facing the Tennessee Valley Authority […]

by April 10, 2018 History
West Virginia teachers during their 2018 strike.

Teachers Strike for the Common Good

April 8, 2018–The current wave of teachers’ strikes reflects a new wave of anti-Wall Street ferment with great potential. They are political strikes in the sense that the teachers are demanding changes in economic policy by their legislatures, which will not only improve their own living conditions, but those of […]

by April 9, 2018 Commentary, News
Alexander Hamilton's statue in Central Park, New York City.

National Banking Built the U.S. Industrial Giant

By Nancy Spannaus April 5, 2018–National banking in the United States built us into an industrial giant. It derives specifically from Alexander Hamilton’s concept of the First Bank of the United States, a partially government-owned credit institution devised to unify and build the young nation. The fact that most Americans […]

by April 5, 2018 Commentary, Infrastructure Bank
Second Bank of the United States

America’s Stunning Growth Under the Second National Bank

By Anton Chaitkin The following is an excerpt from a longer article, published in 2012, on the industrial progress of the United States which Andrew Jackson acted to destroy. It describes the collaboration between the Bank, state and local governments, the military, and President John Quincy Adams during his term […]

by April 5, 2018 History