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All the presidents' bankers: The Hidden Alliances that Drive American Power

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Description
Who rules America? All the Presidents' Bankers is a ground-breaking narrative of how an elite group of men transformed the American economy and government, dictated foreign and domestic policy, and shaped world history.Culled from original presidential archival documents, All the Presidents' Bankers delivers an explosive account of the hundred-year interdependence between the White House and Wall Street that transcends a simple analysis of money driving politics,or greed driving bankers.Prins ushers us into the intimate world of exclusive clubs, vacation spots, and Ivy League universities that binds presidents and financiers. She unravels the multi-generational blood, intermarriage, and protégé relationships that have confined national influence to a privileged cluster of people. These families and individuals recycle their power through elected office and private channels in Washington, DC. All the Presidents' Bankers sheds new light on pivotal historic events,such as why, after the Panic of 1907, America's dominant bankers convened to fashion the Federal Reserve System how J. P. Morgan's ambitions motivated President Wilson during World War I how Chase and National City Bank chairmen worked secretly with President Roosevelt to rescue capitalism during the Great Depression while J.P. Morgan Jr. invited Roosevelt's son yachting and how American financiers collaborated with President Truman to construct the World Bank and IMF after World War II.Prins divulges how, through the Cold War and Vietnam era, presidents and bankers pushed America's superpower status and expansion abroad, while promoting broadly democratic values and social welfare at home. But from the 1970s, Wall Street's rush to secure Middle East oil profits altered the nature of political-financial alliances. Bankers' profit motive trumped heritage and allegiance to public service, while presidents lost control over the economy,as was dramatically evident in the financial crisis of 2008.This unprecedented history of American power illuminates how the same financiers retained their authoritative position through history, swaying presidents regardless of party affiliation. All the Presidents' Bankers explores the alarming global repercussions of a system lacking barriers between public office and private power. Prins leaves us with an ominous choice: either we break the alliances of the power elite, or they will break us.
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ISBN:
9781568587493
9781568584911
156858749
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Grouping Information

Grouped Work ID c9270dc9-59a6-5120-3229-b80506b9f599
Grouping Title all the presidents bankers the hidden alliances that drive american power
Grouping Author prins nomi
Grouping Category book
Last Grouping Update 2018-11-15 22:45:21PM
Last Indexed 2018-11-15 00:04:26AM

Solr Details

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author Nomi Prins
author_display Nomi Prins
available_at_catalog Main Kids, Main Library
collection_catalog Non-Fiction
detailed_location_catalog Hermitage - Adult Non-Fiction, Main Library - Adult Non-Fiction
display_description "All The Presidents' Bankers is a compelling narrative of how a small group of private bankers and their financial institutions shaped America's economy and its global position since the start of the twentieth century. Through personal, political and professional networks, these bankers strategically exercised, and continue to exercise, disproportionate control over the destiny of billions of people. Nomi Prins offers an explosive account of how this came to be, and how the banks continue to influence the world economy and dominate government. Aligning the complex relationships between political and financial leaders since the early 1900s, Prins exposes the elite bankers that served as unelected leaders and confidants, acting as a shadow government concealed behind the US presidency from Wilson to Obama. With eye-opening correspondence culled from Presidential libraries across the country, against a timeline of two world wars and multiple market crashes, All The Presidents' Bankers traces the shocking consequences of a system in which there is no line between public office and private power"--
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primary_isbn 9781568587493
publishDate 2014
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subject_facet Alliances -- Political aspects -- United States -- History, Bankers -- Political activity -- United States -- History -- 20th century, Bankers -- Political activity -- United States -- History -- 21st century, Power (Social sciences) -- United States -- History, Presidents -- United States -- History -- 20th century, Presidents -- United States -- History -- 21st century, United States -- Economic policy, United States -- Politics and government -- 2001-2009, United States -- Politics and government -- 2009-, United States -- Politics and government -- 20th century
title_display All the presidents' bankers : the hidden alliances that drive American power
title_full All the Presidents' Bankers The Hidden Alliances that Drive American Power, All the presidents' bankers : the hidden alliances that drive American power / Nomi Prins
title_short All the presidents' bankers :
title_sub The Hidden Alliances that Drive American Power
topic_facet Alliances, Bankers, Business, Economic policy, History, Nonfiction, Political activity, Political aspects, Politics, Politics and government, Power (Social sciences), Presidents