A History Of Banking In The United States 1896

Author : William Graham Sumner
Publisher : Independently Published
ISBN 13 : 9781790756469
Total Pages : 380 pages
Book Rating : 4.7/5 (564 download)

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Download or read book A History of Banking in the United States (1896) written by William Graham Sumner and published by Independently Published. This book was released on 2018-12-04 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: William Graham Sumner (October 30, 1840 - April 12, 1910) was a classical liberal (now a branch of "libertarianism" in American political philosophy) American social scientist. He taught social sciences at Yale, where he held the nation's first professorship in sociology. He was one of the most influential teachers at Yale or any major schools. Sumner was a polymath with numerous books and essays on American history, economic history, political theory, sociology, and anthropology. He supported laissez-faire economics, free markets, and the gold standard. He adopted the term "ethnocentrism" to identify the roots of imperialism, which he strongly opposed. He was a spokesman against imperialism and in favor of the "forgotten man" of the middle class, a term he coined. He had a long-term influence on conservatism in the United States.Sumner wrote an autobiographical sketch for the fourth of the histories of the Class of 1863 Yale College. In 1925, Rev. Harris E. Starr, class of 1910 Yale Department of Theology, published the first full length biography of Sumner. A second full length biography by Bruce Curtis was published in 1981. Other authors have included biographical information about Sumner as shown by citations in this "Biography" section.Sumner was born in Paterson, New Jersey, on October 30, 1840. His father, Thomas Sumner, was born in England and immigrated to the United States in 1836. His mother, Sarah Graham, was also born in England. She was brought to the United States in 1825 by her parents. Sumner's mother died when he was eight.In 1841, Sumner's father went prospecting as far west as Ohio, but came back east to New England and settled in Hartford, Connecticut, in about 1845. Sumner wrote about his high regard for his father: "His principles and habits of life were the best possible." Earlier in his life, Sumner said, that he accepted from others "views and opinions" different from his father's. However, "at the present time," Sumner wrote, "in regard to those matters, I hold with him and not with the others." Sumner did not name the "matters." Sumner was educated in the Hartford public schools. After graduation, he worked for two years as a clerk in a store before going to Yale College from which he graduated in 1863. Sumner achieved an impressive record at Yale as a scholar and orator. He was elected to the Phi Beta Kappa Society in his junior year and in his senior year to the secretive Skull and Bones society. Sumner avoided being drafted to fight in the American Civil War by paying a "substitute" $250, given to him by a friend, to enlist for three years. This and money given to him by his father and friends allowed Sumner to go to Europe for further studies. He spent his first year in the University of Geneva studying Latin and Hebrew and the following two years in the University of Göttingen studying ancient languages, history and Biblical science.All told, in his formal education, Sumner learned Hebrew, Greek, Latin, French, and German. In addition, after middle age he taught himself Dutch, Spanish, Portuguese, Italian, Russian, Polish, Danish, and Swedish. In May 1866, he went to Oxford University to study theology. At Oxford, Henry Thomas Buckle planted the sociology seed in Sumner's mind. However, Herbert Spencer was to have the "dominating influence upon Sumner's thought.."..