Skip to main content

John Alvord

A nineteenth-century blueprint for the savings-and-loan scandal

It was a banking system. The act that made it possible slipped through Congress with hardly any debate and little attention to economic reality. Many of its highestranking officials knew little or nothing about the peculiar nature of the banking business.

We hope you enjoy our work.

Please support this 72-year tradition of trusted historical writing and the volunteers that sustain it with a donation to American Heritage.

Donate