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More low we result the list of the basic participants of discussion about freedom of the bank
The business, grouped by an accessory principle to bank or monetary
Wilson Bonami Prajs
Poppy-leod of Kejrns*
Kursel-outer entrance hall of Kuje
* The lampoon "An Examination into the Principles see published by it in 1854
of Currency involved in the Bank Charter Act of 1844 ", p. 62 and further on
To the text.
Head itI. Discussion in America during the period to establishment Federal Reserve
After 1875 all countries which already had by then centralised system
Bank business, have made a choice in its advantage, more without discussing a question about
Expediency of such step. A subject of a practical choice between this system and
By its free alternative since then it was not mentioned any more. Moreover,
The declared superiority of the centralised system has turned in
Ordinary dogma without some clear understanding of the nature of its advantages.
However, among the largest economic powers till now there was one, where
Still there was no centralised organisation of a banking, and
The United States of America were power of this. The purpose of the present chapter is
Consideration of some of the reasons, eventually, resulted in 1913 to
To introduction and in this country of the centralised bank system.
So, we already said that the bank structure of the United States consisted from
Huge set of small independent banks, a field of activity of each of
Which it was limited to rather small territory. In 1913 of such banks
Was over 20 thousand: about 7 thousand from them were issue national
Banks, the others, operating within the limits of laws of those states, where they
Settled down, instead of the national bank legislation, had no
The rights to issue of banknotes.
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