The Banking Acts of 1933 and 1935 (HOM 34-B)

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The Banking Acts of 1933 and 1935 (HOM 34-B)

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Күн бұрын

History of Money, Lecture 34, Pt. B: summary of the two pivotal banking acts of 1933 and 1935 - the former known commonly as the Glass-Steagall Act, signed into law by FDR. The 1933 act separated commercial banking from investment banking, established the FDIC, and created the FOMC at the Federal Reserve; the act of 1935 reorganized the FOMC to transfer power from the New York Fed to the Federal Reserve Board in Washington, D.C. Lecture concludes with a brief look at the Business Plot: the alleged conspiracy exposed by Major General Smedley Butler.
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Dr. Jonathan Barth received his PhD in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is Associate Professor of History at Arizona State University and Associate Director of the Center for American Institutions at Arizona State University.
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Пікірлер: 39

@ProfessorBarth 3 жыл бұрын

Follow me on Twitter: twitter.com/Professor_Barth If you enjoy this channel and want to support: www.patreon.com/professorbarth Buy my book: www.amazon.com/Currency-Empire-Seventeenth-Century-English-America-ebook/dp/B08L6ZPV19/ref=sr_1_1?keywords=currency+of+empire&sr=8-1 History of Money playlist: kzfaq.info/sun/PLinliDgP9EbScxfH5wxoX8I_HNRSElqZ_ Foundations of Western Political Thought playlist: kzfaq.info/sun/PLinliDgP9EbRu4qZn8SJFgysSQB5I4c-L

@robertortiz-wilson1588 Жыл бұрын

Thank you so much! Discovering you has been a treasure!

@daft9inety6ixer57 Жыл бұрын

I'm going to leave a comment because I know this helps where it concerns the algorithm and exposure for your channel, and I have a funny feeling that this year a lot of people are going to start taking an interest into some of this history. A long time coming.

@Otis-Tank Жыл бұрын

FRN are not "federal reserve notes", rather "floating rate notes."

@CBBBJ 9 ай бұрын

We all float down here

@DonVaun12 9 ай бұрын

@Pulpfriction92 public vs private

@Tron-Jockey Жыл бұрын

I wish Professor Barth had dug a little deeper into the Business Plot of 1934 (also known as the "Wall Street Putsch"). It wasn't just the corporate elites or captains of industry. Many extremely wealthy wall street financiers and bankers were angry at the loss of Laissez Faire and subsequent introduction of government regulations intended to control their industry. I'd love to see Professor Barth do an entire episode on the Wall Street Putsch.

@brentkoehler3317 2 жыл бұрын

Have you noticed that all of your videos in this series that have “panic” “emergency” or “shock” have the most views? Found that interesting. Anyway, this series is phenomenal. Thank you for sharing.

@ProfessorBarth 2 жыл бұрын

That is correct, and a good point. Thanks for the compliment, glad you've enjoyed the series.

@DonVaun12 9 ай бұрын

Because, in case of emergency, you break glass. We, being the glass

@BBFletcher4202 2 жыл бұрын

This is all amazing & thank you for doing this and structuring it the way you have. 🙏🏾 👌🏾👏🏾🙌🏾

@ProfessorBarth 2 жыл бұрын

Of course, glad you're enjoying it.

@selloff321 11 ай бұрын

Thank you for your time and sharing.

@guywichmann9361 9 ай бұрын

Wow you got one great content, im goona try and watch all you videos!!! Thanks for the hard work

@hammerhead19able Жыл бұрын

Thank you!! I'm sharing all your videos.

@Otis-Tank Жыл бұрын

4:18 you can clearly see this man making the "M" or three finger sign with his hand to represent MASON.

@russellschaeffler Жыл бұрын

What do you know about Colonial House? He seems to have been a big player in world finance and politics.

@georgemckenzie2525 Жыл бұрын

Worse yet, the F.O.M.C. minutes are withheld five years before release , giving these particular banking parties ample time to inside trade on the information decided upon.

@astrology2852 Жыл бұрын

So are you familiar with sending your securities to the trustee and indenture trustee to discharge?

@lancehagen4559 4 ай бұрын

Way too much democracy, not enough Republic, right? There's where the problem started that I can see. This country is formed as a republic, not as a democracy

@connielindley7669 9 ай бұрын

Wow butler didn't know we are a republic!

@dcs428 Жыл бұрын

Off topic, but have you discussed BRICS anywhere on your channel? 👀 I would love to watch that

@christopherxgray3743 8 ай бұрын

What about the bill of exchange act

@Jamesvandaele 2 жыл бұрын

You declined to mention who originally wrote up the 1935 act. It probably bears more than a mention...

@ProfessorBarth 2 жыл бұрын

You talking about Eccles?

@Jamesvandaele 2 жыл бұрын

As with all legislation, you have to find who made the original draft, who fiddles around with it later is much less important than the originator. Keep digging and tell me who you come up with.

@Jamesvandaele 2 жыл бұрын

@@ProfessorBarth I forgot that they chose Eccles to be the front man on this one. But the close connection with Lauchlin Currie, shows that they were all part of the same ideological group, I don't think Eccles is mentioned in Venona, but also, he didn't write it to begin with, the person who did is certainly mentioned in venona.