Tag: From the Vault

How Jefferson’s skepticism about central banking was woven into the fabric of the U.S. financial regulatory system.

How fragile the American banking system was before the Civil War? The sinking of a single ship in 1857 was ...

By John Steele Gordon Before there could be bank buildings, there had to be banks, and the United States didn’t ...

Now and at the turn of the 20th century, the Morgan name and brand were preeminent in American finance.

Two storied American banks merged in 1955 to form a powerful financial institution.

What does the history of the New York City water system have to do with banking? You might be surprised.

There would be no hesitancy in 2020, when the pandemic closed the American economy. In just three months, the federal ...

The Spanish flu was inherently more lethal, and medical technology was far less advanced a century ago. But the flu, ...

In a breathtaking display of self-confidence, J.P. Morgan refilled the Treasury's gold reserves and saved the monetary standard for four ...

Congress has sometimes shielded bankers from the consequences of bad policies. This has occasionally brought on disaster.