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Volume 22  Number 3  •  Winter 2018
All 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.

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Other Independent Review articles by Patrick Newman
    Winter 2017   Illiberal Reformers

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