Why Silicon Valley Bank's Failure Shouldn't Surprise Us ft. John Steele Gordon

John examines the evolution and constant struggle of the United States with its banking system, highlighting its turbulent history from the founding of the Bank of the United States by Alexander Hamilton, to the opposition by Thomas Jefferson, and the eventual establishment of the Federal Reserve in 1913. Furthermore, John contrasts the imperfect but progressing banking and financial systems with the U.S. political system, illustrating its stability and resilience through the enduring effectiveness of the U.S. Constitution, compared to the political turbulence experienced by France over the same period. 00:00 Exploring the Complexities of the U.S. Banking System 00:35 The Founding Fathers' Financial Visions and Conflicts 02:08 The Evolution of American Banking and Financial Systems 03:04 Wall Street: From Wild West to Financial Powerhouse 04:30 The Imperfect Yet Progressing U.S. Banking System 04:45 Interlinking Financial Growth and Political Stability #USHistory, #Finance, #BankingHistory, #FinancialEvolution, #EconomicHistory, #FederalReserve, #WallStreetHistory, #FinancialMarket, #USConstitution, #PoliticalStability