Bank of North Dakota

Chronicles the Bank of North Dakota's fascinating history and reviews its key role in financing the state's economic future.
During the early 1900s, North Dakota's economy was dangerously dependent on a single industry—agriculture, an industry controlled by financial interests outside the state. To diversify the economy and regain control of its financial future, North Dakota created a unique asset: the state-owned Bank of North Dakota. North Dakota is the only state in the union with a state-owned bank. The program documents the rise of the Non-Partisan League and its struggle to overthrow the out of state interests that controlled the North Dakota economy and chronicles the political infighting, the dirty tricks, the back room deals, and the amazing series of events that led to the creation of the bank.

"The Bank of North Dakota" features historians, economists, bank staff members and members of the Industrial Commission discussing how the bank came into existence, how it has responded over the years to its mission, and its evolving role in promoting commerce, agriculture and industry.

• Category

  News & Politics

[carpice]

I live in Mandan. I got my student loan from BND. I think most college students do.  I got an oil change last summer. I shared a courtesy car with a man back to work from the garage. We shared small talk. After the man was dropped off, the driver of the courtesy van asked me, do you know who that was? I said no. He said that was the president of the BND. I thought, wow, that guy acted just like a regular guy. That's pretty cool.

[Will224000]

...I wrote to the Calif. Treasurer extolling the virtues of ND, and actually got an answer back !...

...I was told that that was 1920 in an simpler agriculture State and that the situation in CA is much more complex, but that they have people working on something similar...

[kkingcombo12345]

I'm going to look into this. Thanks for uploading.

[quest33613]

GREAT STORY...enjoyed watching it.



[CBBtheLakota]

North Dakota is like the shire. and we are like hobbits.

we aren't power-hungry people and you can't fool us with your fancy credit default swaps and all that crap.

[mrjoesangel]

Socialism is a cruel hoax and an evil lie,

but the underlying idea with the bank is a good one..

[liloldlady1]

Hi friends: We have our own public bank in Canada, but from orders from the Bank of International Settlements in 1974, we stopped using it. From 1935 until 1974, our public debt was low and stable, since it has soared. Check out lawsuit (Dec.2011) against the BOC press conference. Lawsuit is pending..big banks and federal government are resisting. Find at "Lawsuit against the BOC" on YouTube. Also, see Committee on Monetary and Economic Reform website here in Canada.

[Catherine Magee]

Wow what an interesting History Of North Dakota !! To think What these Farmers Went VIEWING THIS VIDEO back In The 1920 through 1940 . Those were Real Men that New what IT TOOK TO MAKE IT HAPPEN ..IF ONLY WE COULD LEARN FROM NORTH DAKOTA GOVERNMENT !! WE MIGHT FIGURE OUT HOW TO TRY AND TURN OUR COUNTRY AROUND >> IF THAT IS EVEN POSSIBLE !!

[truepres]

Another perspective: Interesting how there was someone else, who was (and is) ALWAYS demonized by the western establishment propaganda machine, who turned-a rounded the European nation state under his extremely popular anti-Zionist, anti-communist anti-Bolshevist leadership in the 1930's to give his nation state the greatest economic growth in the 20th century while we were still in the JEWZI banker-orchestrated Great Depression. He did the SAME thing based upon the mere capacity of the people.