Balancing stability and growth in mid-century banking

Project Summary:

How did the reorganization of the U.S. banking sector after World War II alter the relationship between profitable investment and macroeconomic stability? The researcher will address that question through archival research and by drawing on a substantial body of secondary historical and economic literature. As political debates on financial regulation and trade agreements show no sign of abating, this work will provide useful context and framing for those debates.


Andrew Elrod is a Ph.D. student in the department of History at the University of California, Santa Barbara, where his research focuses on unions and wages. He has worked as an intern at and contributor to Dissent magazine, and his writing has also appeared in the Nation, Jacobin, and Al Jazeera America.