The Development of American Finance

Viac o knihe

The resilience of the American financial system is explored through its historical development and institutional foundations. The book details how late nineteenth-century transformations established a robust infrastructure, which evolved amid contradictions throughout the twentieth century and consolidated during the neoliberal era. It challenges the notion of impending decline by illustrating the system's coherence and complexity, while also addressing the instability that emerged in the early twenty-first century.