Lowenstein: America’s Bank

  • Studied under Wilson. Taught FDR. Andrews. Banking = Renaissance pursuit. Shakespeare, Cambridge, lectures on exploration. Runner and swimmer.
  • Sweden. Then Bank of England. Private.
  • Bank of France. Post war. Similar with US. Revolution and 1812
  • England Germany and France. All private. France controlled by state. England private. Germany – trained professionals (Reichsbank)
  • Davison. JPM
  • Jeckyll island. 1910. Secrecy. Aldrich Warburg Davison vanderlip. Had to convince J.P. Morgan, baker and stillman,