This is a very interesting post! My understanding of this era is shaped by Martin Sklar and I've long heard that Sklar although brilliant is a bit off, so naturally I'm interested about what you qua author of The Deluge think about this subject. I didn't know about Elizabeth Sanders & her work but it seems like at least a useful corrective to my Sklar-informed perspective, perhaps simply a refutation.
Would you be willing to share the course syllabus?
Lawrence Goodwyn's books (esp. the shorter version) are good for explaining the political context in which Bryant came to the fore; perhaps a bit too much early SDS enthusiasm for participatory democracy, but I recall being fascinated when I read them 35 years ago.
Bryan always needs remembering for putting money up as a democratic political question. And your pictures are terrific. The only point I'd add is the weird way the guys planning the Fed went to Jekyll Island in disguises. The press had already been castigated by Teddy R, and the hard money men didn't want publicity, I assume because of Bryan.The aim according to some, was to help Wall Street conquer the City of London. This group ignored Hartley Withers' report on bank regulations, in the Jekyll Island collection. There were critical colleagues of Veblen on the Fed Board like Adolph Miller but mostly, with separate, privately owned District Feds (which remains to this day) the Fed Board is, via the NY Fed forced to listen to the banks.
This is a very interesting post! My understanding of this era is shaped by Martin Sklar and I've long heard that Sklar although brilliant is a bit off, so naturally I'm interested about what you qua author of The Deluge think about this subject. I didn't know about Elizabeth Sanders & her work but it seems like at least a useful corrective to my Sklar-informed perspective, perhaps simply a refutation.
Would you be willing to share the course syllabus?
I love the historical context you give to current events. Thanks for what you do.
Did anyone at the time regard Baum's book as an allegory for monetary policy? I only hear about people writing that relatively recently.
Lawrence Goodwyn's books (esp. the shorter version) are good for explaining the political context in which Bryant came to the fore; perhaps a bit too much early SDS enthusiasm for participatory democracy, but I recall being fascinated when I read them 35 years ago.
Frank Colson - Thanks for such an interesting post - our current work on 1919 and the whipsaw of that year will be much informed by these insights.
Bryan always needs remembering for putting money up as a democratic political question. And your pictures are terrific. The only point I'd add is the weird way the guys planning the Fed went to Jekyll Island in disguises. The press had already been castigated by Teddy R, and the hard money men didn't want publicity, I assume because of Bryan.The aim according to some, was to help Wall Street conquer the City of London. This group ignored Hartley Withers' report on bank regulations, in the Jekyll Island collection. There were critical colleagues of Veblen on the Fed Board like Adolph Miller but mostly, with separate, privately owned District Feds (which remains to this day) the Fed Board is, via the NY Fed forced to listen to the banks.
You may wish to check a lecture on populism by Barry Eichengreen delivered at a CEPS conference in 2018 (?).
The Tooze can be a snooze, but not this time. This is a good piece, informative, balanced...history we need to understand.
The economic numbers in your chart don't lie- Mckinley rules!