Transforming American Banking: The Federal Reserve Act of 1913

Peoples & Things host, Lee Vinsel, talks with Mary Bridges, Ernest May Fellow in History and Policy at the Belfer Center for Science and International Affairs at Harvard University’s Kennedy School of Government, about her book, Dollars and Dominion: US Bankers and the Making of a Superpower. Dollars and Dominion takes an infrastructural view of banking institutions and examines how US banks, almost by accident, became a durable part of the global financial system in the first half of the 20th century, supporting the global dominance of the US dollar after World War II. Vinsel and Bridges also discuss the benefits and limitations of using infrastructure as a framework of analysis and the next projects Bridges is working on. Lee wrote a new essay for the Peoples & Things newsletter, “Disinvestment and Decline in Infrastructure Studies,” inspired by a key moment in the discussion.

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