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 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 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 […]
Jan. 31, 2018—In an op-ed published in the Washington Post on the eve of President Trump’s State of the Union address, Senate Democratic minority leader Chuck Schumer urged the President to propose “a substantial investment in our nation’s infrastructure.” Among the historical examples which he raised was none other than […]
By Nancy Spannaus Feb. 20, 2021—The dramatic failure of the electric grid in Texas this week, which at one point left more than 4 million of the state’s residents without electricity, should be an object lesson to the country. Texas’s deregulated energy grid is quintessential energy insanity; unfortunately, much of […]
By Nancy Spannaus Feb. 3, 2021—The AmericanSystemNow YouTube channel now features the recent video documentary by Alexander Hamilton researcher Marianne Als, “The Evidence for Hamilton Against Slavery.” I hope you will review it and also subscribe, for there will be much more educational material on Hamilton and the American System […]
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 […]