- Title Pages
- Dedication
- Preface
- Acknowledgments
-
1 Introduction -
2 The Payments System before World War I -
3 Treasury Debt Management before World War I -
4 Treasury Finance during World War I -
5 Designing the Liberty Loans -
6 Marketing the Liberty Loans -
7 Treasury Cash Management: Certificates of Indebtedness -
8 Treasury Cash Management: War Loan Deposit Accounts -
9 Federal Reserve Support of the Treasury Market during World War I -
10 Coda on Treasury Debt Management during World War I -
11 Treasury Finance during the 1920s -
12 Paying down the War Debt -
13 Revival of the Over-the-Counter Market -
14 Evolution of the Primary Market and the Introduction of Treasury Bills -
15 Coda on Treasury Debt Management during the 1920s -
16 Treasury Finance during the Great Depression -
17 Nonmarketable Treasury Debt -
18 Treasury Debt Management during the Great Contraction -
19 Treasury Debt Management during the New Deal -
20 The Primary Market during the Great Depression -
21 Statutory Control of Treasury Indebtedness -
22 The Brief Revival and Subsequent Extinction of National Bank Notes -
23 Coda on Treasury Debt Management during the Great Depression -
24 Treasury Debt Management since 1939 - References
- Index
The Payments System before World War I
The Payments System before World War I
- Chapter:
- (p.12) (p.13) 2 The Payments System before World War I
- Source:
- Birth of a Market
- Author(s):
Kenneth D. Garbade
- Publisher:
- The MIT Press
This chapter describes the payments system that existed in the US between 1900 and the beginning of World War I. The discussions cover the gold standard; Treasury money; bank money; the problem of an inelastic currency; the Aldric–Vreeland Act of May 20, 1908; and the Federal Reserve Act and Federal Reserve money.
Keywords: gold standard, Treasury money, bank money, inelastic currency, Aldric–Vreeland Act, Federal Reserve Act, monetary policy
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- Title Pages
- Dedication
- Preface
- Acknowledgments
-
1 Introduction -
2 The Payments System before World War I -
3 Treasury Debt Management before World War I -
4 Treasury Finance during World War I -
5 Designing the Liberty Loans -
6 Marketing the Liberty Loans -
7 Treasury Cash Management: Certificates of Indebtedness -
8 Treasury Cash Management: War Loan Deposit Accounts -
9 Federal Reserve Support of the Treasury Market during World War I -
10 Coda on Treasury Debt Management during World War I -
11 Treasury Finance during the 1920s -
12 Paying down the War Debt -
13 Revival of the Over-the-Counter Market -
14 Evolution of the Primary Market and the Introduction of Treasury Bills -
15 Coda on Treasury Debt Management during the 1920s -
16 Treasury Finance during the Great Depression -
17 Nonmarketable Treasury Debt -
18 Treasury Debt Management during the Great Contraction -
19 Treasury Debt Management during the New Deal -
20 The Primary Market during the Great Depression -
21 Statutory Control of Treasury Indebtedness -
22 The Brief Revival and Subsequent Extinction of National Bank Notes -
23 Coda on Treasury Debt Management during the Great Depression -
24 Treasury Debt Management since 1939 - References
- Index
