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 […]
A Report on the AHA Society’s Book Club Discussion with Dr. Stephen F. Knott By Nancy Spannaus Oct. 22, 2020—The Alexander Hamilton Awareness (AHA) Society did another public service with its Oct. 18 book club discussion with Dr. Stephen F. Knott. The event provoked a lively and informative discussion countering […]
By Nancy Spannaus* Oct. 14, 2020—The Oct. 2 release of Arthur Wilmarth’s new book calling for a new Glass-Steagall law is timely, and critical. Unfortunately, it is not clear that the relevant political figures are yet prepared to listen. Wilmarth’s book is entitled Taming the Megabanks: Why We Need a […]
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 […]