Date of Award
Master of Arts (MA)
Chair and Committee
This paper explores the economic, political, and social motivations for why the United States of America chose not to have a central bank between the years of 1775 and 1913. The paper will explain why in the initial years of the republic there was support for the national bank but over time opinions drastically changed. In addition, it will explore how even after several financial crises during the 1800s, there was still little desire to have a central bank. The paper will conclude by explaining how the presence of a central bank became essential to the U.S. financial markets in the early 1900s.
Husain, Samia, "The Missing Central Bank: A Case History of the United States of America 1791-1913" (2011). All Theses and Dissertations (ETDs). 543.