The Beginnings of the “Reform” Movement: The Indianapolis Monetary Convention

Tags: The Fed, Money and Banks, U.S. History

06/26/2026 Murray N. Rothbard

The first organized big-business push for banking reform. Rothbard recounts how the 1896–97 Indianapolis Monetary Convention, backed by Morgan- and Rockefeller-tied elites, enlisted economists to press for the gold standard and a centralized, more “elastic” banking system.

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