Financing American Enterprise: The Story of Commercial Banking |
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Page 160
... demand for currency by rediscounting some of their paper with the Federal Reserve . During slack times , currency would return to the banks , and loans would be paid off . Should a panic demand for currency arise , the banks could meet ...
... demand for currency by rediscounting some of their paper with the Federal Reserve . During slack times , currency would return to the banks , and loans would be paid off . Should a panic demand for currency arise , the banks could meet ...
Page 251
... demand . Artifi- cially high wage rates caused the demand for labor to fall below the supply , while artificially high prices in farm prod- ucts caused supply to exceed demand . There was not a de- ficiency of total spending in the ...
... demand . Artifi- cially high wage rates caused the demand for labor to fall below the supply , while artificially high prices in farm prod- ucts caused supply to exceed demand . There was not a de- ficiency of total spending in the ...
Page 252
... demand pressing on capacity , produc- ers would also add to their capital equipment , thus spurring a more rapid rate of economic growth . Leaders of this school considered it unlikely that prices would rise very much , or believed the ...
... demand pressing on capacity , produc- ers would also add to their capital equipment , thus spurring a more rapid rate of economic growth . Leaders of this school considered it unlikely that prices would rise very much , or believed the ...
Contents
AMERICAN BANKING BEFORE 1863 | 16 |
ESTABLISHMENT OF THE NATIONAL | 40 |
AMERICAS AGE OF ENTERPRISE | 64 |
Copyright | |
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Financing American Enterprise: The Story of Commercial Banking Paul B. Trescott No preview available - 1982 |
Common terms and phrases
Allan Nevins American banking areas assets auto automobile bank credit bank loans bank-note bank's bankers became bonds boom borrowers branch branch banking Bray Hammond business firms capital cash cent century chartered circulation City Bank commercial banks Congress consumer corporate created currency debt demand depositors depression economy enterprise expanded facilities farm farmers Federal Reserve Act Federal Reserve System finance free banking funds gold growth important income increased increasingly industry inflation instalment institutions interest rates investment J. P. Morgan Jay Cooke labor banks lending major Mellon ment merchants million monetary policy money supply mortgage loans national banking system needed number of banks operations output Pacific panic payments Pennsylvania period postwar President private banks problem production profits purchases rail railroad rise role savings securities sumer tion tional bank total expenditures town Treasury Treasury securities Trust Company United York