Reconstructing the National Bank Controversy

Reconstructing the National Bank Controversy
Author :
Publisher : University of Chicago Press
Total Pages : 264
Release :
ISBN-10 : 9780226579450
ISBN-13 : 022657945X
Rating : 4/5 (50 Downloads)

Book Synopsis Reconstructing the National Bank Controversy by : Eric Lomazoff

Download or read book Reconstructing the National Bank Controversy written by Eric Lomazoff and published by University of Chicago Press. This book was released on 2018-11-07 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bank of the United States sparked several rounds of intense debate over the meaning of the Constitution’s Necessary and Proper Clause, which authorizes the federal government to make laws that are “necessary” for exercising its other powers. Our standard account of the national bank controversy, however, is incomplete. The controversy was much more dynamic than a two-sided debate over a single constitutional provision and was shaped as much by politics as by law. With Reconstructing the National Bank Controversy, Eric Lomazoff offers a far more robust account of the constitutional politics of national banking between 1791 and 1832. During that time, three forces—changes within the Bank itself, growing tension over federal power within the Republican coalition, and the endurance of monetary turmoil beyond the War of 1812 —drove the development of our first major debate over the scope of federal power at least as much as the formal dimensions of the Constitution or the absence of a shared legal definition for the word “necessary.” These three forces—sometimes alone, sometimes in combination—repeatedly reshaped the terms on which the Bank’s constitutionality was contested. Lomazoff documents how these three dimensions of the polity changed over time and traces the manner in which they periodically led federal officials to adjust their claims about the Bank’s constitutionality. This includes the emergence of the Coinage Clause—which gives Congress power to “coin money, regulate the value thereof”—as a novel justification for the institution. He concludes the book by explaining why a more robust account of the national bank controversy can help us understand the constitutional basis for modern American monetary politics.


Reconstructing the National Bank Controversy Related Books

Reconstructing the National Bank Controversy
Language: en
Pages: 264
Authors: Eric Lomazoff
Categories: Political Science
Type: BOOK - Published: 2018-11-07 - Publisher: University of Chicago Press

DOWNLOAD EBOOK

The Bank of the United States sparked several rounds of intense debate over the meaning of the Constitution’s Necessary and Proper Clause, which authorizes th
The Federal Reserve Act of 1913
Language: en
Pages: 0
Authors: Virginius Gilmore Iden
Categories:
Type: BOOK - Published: 2022-10-27 - Publisher: Legare Street Press

DOWNLOAD EBOOK

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "pub
The National-bank Act, as Amended
Language: en
Pages: 184
Authors: United States
Categories: Banking law
Type: BOOK - Published: 1911 - Publisher:

DOWNLOAD EBOOK

On the Constitutionality of a National Bank
Language: en
Pages: 50
Authors: Alexander Hamilton
Categories: History
Type: BOOK - Published: 2016-12-10 - Publisher: Coventry House Publishing

DOWNLOAD EBOOK

In 1791, The First Bank of the United States was a financial innovation proposed and supported by Alexander Hamilton, the first Secretary of the Treasury. Estab
The National-Bank Act as Amended
Language: en
Pages: 104
Authors: United States
Categories: Banking law
Type: BOOK - Published: 1903 - Publisher:

DOWNLOAD EBOOK