M

MacDonald, Ramsay, 404, 459

MacVeagh, Charlton, 331n

MacVeagh, Franklin, 198

Magoon, Charles, 227

Mahan, Alfred T., 209

Maloney Act, 329

Manifest destiny, yield to, 477

Marburg, Theodore, 218

Maria Theresa (silver dollar), 49n

Marshall, Alfred, 39, 360, 389

Marshall, John, 70, 70n

Marshall Plan, 24, 30, 347n

Martin, William McChesney, 327–28

Marxism, 30, 185, 242

Marxists, 171

Massachusetts, 50–55, 74, 87, 96, 118

paper money issues, 51–53

return to specie, 53, 54–55, 55n

McAdoo, William Gibbs, 265, 280, 311, 371

McAveeny, William J., 298, 454

McCain, Charles, 309

McCloy, John J., 347, 472

McCone, John A., 334n

McCraw, Thomas K., 323n, 325, 328

McCulloch, James W., 87n

McCulloch, Hugh, 134, 151

McCulloch v. Maryland (1819), 70

McGarrah, Gates, 276, 412, 427

McKenna, Sir Reginald, 362, 382

McKinley, William, 175, 191–92, 237

McKinley Tariff Act of 1890, 167

McNary, Charles L., 457

Mellon, Andrew W., 267, 269, 376–78, 415, 420–21, 423, 450

Merchants’ Association of New York, 250–51, 254, 449

Messersmith, George, 471

Mexican Currency Reform Act of 1905, 228

Meyer, Eugene, 278–301

appointed Fed governor, 286

Federal Farm Loan Board chief, 286

head, Reconstruction Finance Corporation, 289

most powerful financial force, 289

opposition to German bailout, 286

owner, Washington Post, 300n, 339–40

War Finance Corporation and, 280–86, 288

Miller, Adolph C., 266, 372n, 450

Mills, Ogden L., 269, 274, 287, 289, 295–96, 422n

Ministry of Reconstruction, 359

Mises, Ludwig von, 11–19, 21, 34, 110, 344, 355, 471

method of historical research, 11, 23, 25

method of specific understanding, 13–16, 32–33, 39

Mitchell, Charles E., 296n

Mitchell, John J., 191

Moffat, J. Pierrepont, 472, 479

Moffett, James A., 308

Moley, Raymond, 300n, 306, 464, 466

Monetarist myth of Fed contraction, 275, 294

of 1870’s, myth of, 154–55

pseudo-gold standard and, 440

Monetary imperialism, 218–19, 223, 228

Monetary reform movement of 1896–1900, 188–204

first monetary convention, 190–97

passage, Gold Standard Act, 202–04

second monetary convention, 198–202

Monetizing debt, 75, 142

Money

brokers, as scapegoats, 79–80

debasement, 50, 110n, 220, 222, 229

precedent set for, 105

demand for, 22, 203, 251

fiat, 51–59, 73, 75, 82–83, 100, 122, 123, 131, 160, 186, 206, 232, 271, 298, 303–07, 352, 356, 358, 360, 396, 410, 421, 431, 453

hard, 83, 90–91, 104, 112, 145, 151, 159, 178n, 186, 188–89, 231, 406, 441, 451, 484

medium of exchange, 48, 105, 226, 352, 356

paper money

colonial, 50–58

boom-bust economies and, 54

first issue of, 51

scarcity of money and, 52

Revolutionary War and, 83, 59, 231, 354, 488

purchasing power of, 22, 390

scarcity of, 50

supply increases v. productivity, 159See alsoGreenbacks

Monopoly

government-imposed, 184

license to issue paper money, 62–63

redefined, 184–85

Moore, Ernest, 415–16, 416n

Morawetz, Victor, 247, 247n

Moreau, Emile, 399, 407

Morgan, Harry, 311n

Morgan, J.P., “Jack,” 169, 183–84, 192–93, 195, 198, 207, 222, 235–36, 243, 245, 247, 251–52, 264–65, 268, 270, 276, 279, 292, 303, 311–12, 314, 316–18, 321–22, 324, 330–31, 368–71, 377–78, 380–81, 422, 427, 446–47, 450, 457, 467

House of Morgan, 184, 263, 264, 282, 287, 297, 347, 368, 370, 386, 446

associates and colleagues in England, concern for, 297

Bank of England, association with, 270–72

Banking Act of 1933, 316–17

CFR and, 432, 346–47

concordance and conflict, 42

economic power destroyed, 315, 321, 330, 340

influence of, 188–207, 209, 222, 235–38, 243–45, 368–69, 397, 415

manipulation of Norman, 378

Mellon and, 267, 378

monopoly purchaser of goods, 370

New Deal, assaulted by, 432

political power and, 188, 268, 380

preferred list of financiers and politicians, 311

President Coolidge and, 266–67, 379–81

President Hoover and, 269, 422

Republican party and, 266

return of, 343

Rothschild of Vienna and, 427

Strong and, 264–65, 270–71

Theodore Roosevelt and, 263

trade agreements against, 344–45

twilight of power, 299, 306, 314–17

Morgan, J.P., Sr., 264

Morgenthau, Henry, Jr., 302, 335, 338–39, 344n, 346, 468, 477, 485

Morrell, Daniel, 148

Morrill, Chester, 338

Morris, Gouverneur, 59

Morris, Robert, 61–63, 62n, 63n, 68, 92n

Most, Johann, 178n

Mueles, Monsieur, 51n

Müller-Armack, Alfred, 487n