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Volume 22  Number 3  •  Winter 2018
Other Issues:  

The Origins of the National Banking System: The Chase-Cooke Connection and the New York City Banks
By Patrick Newman
This article appeared in the Winter 2018 issue of The Independent Review

Founded in 1863, the National Banking System was the monetary framework of the United States prior to the founding of the Federal Reserve in 1913. While U.S. Treasury Secretary Salmon P. Chase played the leading public role in its creation, two brothers, investment banker Jay Cooke and lobbyist Henry Cook, were indispensable drivers of the system’s enacting legislation.

This article will be posted in full nine months after its initial print publication. To read it now, please download the issue via the Independent Review app (available on iOS, Kindle Fire and Android) for $2.99, or buy a print copy of this issue for $12.00.

Other Independent Review articles by Patrick Newman
    Winter 2017   Illiberal Reformers: Race, Eugenics and American Economics in the Progressive Era