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To address to this problem in one of the subsequent heads, narrating about those

Episodes of the American history which have led to an adoption of law about Federal

To reserve System (Federal Reserve Act).

The chapter VI. Development of the centralised bank system in Germany

The present chapter leans mainly against V.Lottsa's research: W. Lotz, "Geschichte und Kritik des Deutschen Bankgesetez", vom 14 Marz, 1875.

History of bank sphere of Germany, as well as the United States, followed To consider in a cut of separate states-states. However to make it now

It is not obviously possible, and we will concentrate our attention to the key

The events occurring in Prussia, in separate places referring to a policy

Other states. The German situation differed from conditions of all those countries, with

With which we dealt till now. The reason of it was that in the To commercial policy Germany never really adhered to principles laisser-faire, that is why in this country it is less, than no matter where, It is necessary to be surprised to the state intervention in bank sphere. Long preservation medieval restriction on the free reference of the goods And services has defined corresponding delay in development of the bank

Business. contrary to that that

It was carried out by the first banks Zhiro (Giro banks)., It is a question of modern understanding of bank business, that is about

Credit and issue activity However in the beginning of XVIII century

The significant amount of works about bank sphere, in the majority has been written

From which the mercantilist idea that the establishment of banks has was expressed

The result the sudden and essential increase in riches "Die Entwicklung der deutschen Volkswirtschaftslehre im 19 Jahrhundert ", "Geschichte der Deutschen Bankliteratur im 19 Jahrhundert" in Schmollers Festschrift, See H. Schumacher, Pt VII..

The first actions have been undertaken by the royal and nobility of noble family, which,

Being guided by own fiscal needs, have tried to begin the bank

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