In Roger Lowenstein's "America's Bank: The Epic Struggle to Create the Federal Reserve," the debate among reformers revolved around three significant questions regarding the establishment of a new currency system. Firstly, there was contention over who would be responsible for issuing this new currency, which was essential to modernizing the American financial system. Secondly, discussions focused on how centralized the currency system should be, reflecting differing opinions on the balance between state and federal control. Lastly, a critical point of contention was whether bankers or politicians should hold power over financial matters, highlighting the tension between commercial interests and governmental oversight.

In Roger Lowenstein's "America's Bank: The Epic Struggle to Create the Federal Reserve," the debate among reformers revolved around three significant questions regarding the establishment of a new currency system. Firstly, there was contention over who would be responsible for issuing this new currency, which was essential to modernizing the American financial system.

Secondly, discussions focused on how centralized the currency system should be, reflecting differing opinions on the balance between state and federal control. Lastly, a critical point of contention was whether bankers or politicians should hold power over financial matters, highlighting the tension between commercial interests and governmental oversight.