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All the Presidents' Bankers

The Hidden Alliances That Drive American Power

By Nomi Prins

Who rules America?

All the Presidents’ Bankers is a groundbreaking 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.

Format: Book
Author: Prins, Nomi
Summary: "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"-- Provided by publisher.
Title: All the presidents' bankers : the hidden alliances that drive American power / Nomi Prins.
Publisher Date: New York : Nation Books, [2014]
Subject: Bankers -- Political activity -- United States -- History -- 20th century. Bankers -- Political activity -- United States -- History -- 21st century. Presidents -- United States -- History -- 20th century. Presidents -- United States -- History -- 21st century. Power (Social sciences) -- United States -- History. Alliances -- Political aspects -- United States -- History. POLITICAL SCIENCE / Government / General. BUSINESS & ECONOMICS / Corporate & Business History. HISTORY / United States / 20th Century. United States -- Politics and government -- 20th century. United States -- Politics and government -- 2001-2009. United States -- Politics and government -- 2009- United States -- Economic policy.
Isbn: 9781568587493 (hardback) 156858749X (hardback)
Current Holds: 0
System Items Available: 1
System Items Total: 1
Call Number: 332.10973 Pri
Oclc: 841892985
Upc:
Bib Id: 510224

Format: Book
Author: Prins, Nomi.
Summary: "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"-- Provided by publisher.
Title: All the presidents' bankers : the hidden alliances that drive American power / Nomi Prins.
Publisher, Date: New York : Nation Books, [2014]
Description: xvii, 521 pages ; 24 cm
Subjects: Bankers -- Political activity -- United States -- History -- 20th century.
Subjects: Bankers -- Political activity -- United States -- History -- 21st century.
Subjects: Presidents -- United States -- History -- 20th century.
Subjects: Presidents -- United States -- History -- 21st century.
Subjects: Power (Social sciences) -- United States -- History.
Subjects: Alliances -- Political aspects -- United States -- History.
Subjects: POLITICAL SCIENCE / Government / General.
Subjects: BUSINESS & ECONOMICS / Corporate & Business History.
Subjects: HISTORY / United States / 20th Century.
Subjects: United States -- Politics and government -- 20th century.
Subjects: United States -- Politics and government -- 2001-2009.
Subjects: United States -- Politics and government -- 2009-
Subjects: United States -- Economic policy.
Notes: Includes bibliographical references and index.
LCCN: 2013036297
ISBN: 9781568587493 (hardback)
ISBN: 156858749X (hardback)
Requests: 0
Available Copies: 1
Total Copies: 1
Call Number: 332.10973 Pri