Post Tagged with: "National Bank"

The devastation from the 1837 crash.

Lincoln’s Campaign for a National Bank

By Nancy Spannaus June 25, 2021—As the Whig Party geared up for the presidential elections of 1840, the United States was mired in a deep depression. While that depression had been brought on by the Jackson Administration’s dismantling of the Second Bank of the United States, there was not broad […]

by June 25, 2021 0 comments History, Infrastructure Bank
The Chesapeake and Delaware Canal today. It was the first canal to get funding from the Bank of the United States.

America’s 1820’s Infrastructure Boom

Part 2 of Funding Infrastructure the American System Way. Part 1 can be found here . By Nancy Spannaus March 15, 2021–Anyone looking seriously at how to fund a comprehensive infrastructure plan for the United States must take an in-depth look at America’s 1820’s infrastructure boom. In the period between […]

by March 15, 2021 1 comment Commentary, Infrastructure
Federal Reserve headquarters in Washington, D.C. (wikimedia commons)

The Federal Reserve Is Not `America’s Bank’

How the Fed was foisted on the U.S. by Europe’s Central Bankers      America’s Bank,  The Epic Struggle To Create the Federal Reserve Roger Lowenstein, Penguin Books,  New York, NY. 2015. A review by Stuart Rosenblatt April 5, 2019 Despite the fact that America’s Bank, the story of the founding of […]

by April 5, 2019 0 comments History, Review
Ways and Means Committee chairmen at the March 6 hearing on infrastructure.

Funding Infrastructure: The Principle of Federal Credit

By Nancy Spannaus March 9, 2019—The March 6 House Ways and Means Committee hearing on transportation infrastructure put the crucial problem which is blocking vitally-needed action on this topic, squarely on the table: the lack of understanding of the Hamiltonian principle of credit. From Representative Peter DeFazio, Chairman of the […]

by March 9, 2019 2 comments Infrastructure, News
The first Bank of the United States was one of the instruments of public administration.

The Constitutionality of the National Bank

By Nancy Spannaus Feb. 27, 2019—February 25 was the anniversary of a momentous event in American history—George Washington’s signing of the bill establishing the Bank of the United States.  This action was crucial to establishing a government-backed source of national credit and a uniform currency in the United States, and […]

by February 27, 2019 0 comments Commentary, Infrastructure Bank
The Need for Hamiltonian National Banking Today

The Need for Hamiltonian National Banking Today

The Need for Hamiltonian Banking Today contrasts his banking principles with those of Wall Street.

by December 12, 2018 Comments are Disabled Commentary, Infrastructure
The Minneapolis bridge collapse of 2007--a wake-up call on the state of  U.S. infrastructure.

Draft Legislation to Create a National Bank for Infrastructure

(updated May 13, 2019) Nov. 3, 2018–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 […]

by November 3, 2018 3 comments Features, Infrastructure Bank
A graphic of total factor productivity in the 20th Century, showing the effects of the FDR banking policy.

A Brief History of the Principle of National Banking in the United States

Aug. 27, 2018–While Central Banks exist in many other countries, the United States is unique in its successful development of national banking.  The purpose of National Banks, developed even before the ratification of the U.S. Constitution, was to marshal the financial resources of the young nation and direct them into […]

An infrastructure bank can fund the high-speed rail we need. Above, a Chinese high-speed train.

Our Revolution Northern Virginia Endorses National Bank

Aug. 11, 2018–At a meeting July 29, the Northern Virginia chapter of Our Revolution passed a resolution endorsing a new National Bank for Industry and Infrastructure. The resolution text reads as follows: Whereas, The American Society of Civil Engineers has reported that the United States needs a minimum of $4.6 trillion […]

by August 11, 2018 Comments are Disabled News Shorts
The Second National Bank of the United States

Yes, American Citizens Once Demanded a National Bank!

By Nancy Spannaus May 12, 2018—On April 23, 1834, a meeting of the “People of Mifflin County, Pa.” adopted the following resolution, which it sent on to the Congress of the United States: Resolved. . . . That the unwise and unlawful removal of the public deposits from the Bank […]

by May 12, 2018 Comments are Disabled Commentary, Infrastructure Bank