America's Bank

In America’s Bank, acclaimed financial journalist Roger Lowenstein explores the tumultuous journey to the establishment of the Federal Reserve, America's modern central bank. Delving into a century of resistance against central financial authority, Lowenstein highlights the deep-seated mistrust that fueled divisive political battles, culminating in the landmark Federal Reserve Act of 1913. Through the lens of four key figures—Paul Warburg, Nelson W. Aldrich, Carter Glass, and President Woodrow Wilson—he vividly recounts the complex interplay of ambition, crisis, and reform that shaped a vital institution and transformed the nation’s financial landscape. This gripping narrative reveals how the struggles of the past resonate with today's ongoing debates over banking and governance.