The Federal Reserve System : a history
Record details
- ISBN: 9780786418800 (softcover : alk. paper)
- ISBN: 078641880X (softcover : alk. paper)
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Physical Description:
viii, 215 p. ; 23 cm.
print - Publisher: Jefferson, N.C. : McFarland & Co., c2004.
Content descriptions
Bibliography, etc. Note: | Includes bibliographical references (p. 203-209) and index. |
Formatted Contents Note: | U.S. banking before the Federal Reserve -- The Aldrich-Vreeland Act prevents a panic in 1914 -- Original uncertainty regarding exercise of Fed authority -- The Federal Reserve's role in World War I -- The discovery of a new tool for the Federal Reserve -- The Fed in the 1920s -- The Fed in the 1929-1933 contraction -- Policy changes in the Roosevelt Administration -- The Fed's role in World War II -- The Fed between World War II and the Korean War -- The Korean War and the accord with the Treasury -- "Bills only" as an act of independence -- Operation twist and President Kennedy's tax cut -- Chairman Martin's battle with President Johnson over inflation -- Nixon replaces Martin with Burns and inflicts price controls on the economy -- Supply shocks in the 1970s make unemployment and inflation worse -- Carter replaces Burns with Miller and inflation worsens -- The Volcker era begins and the Fed gets control over all banks -- Volcker's Fed slows inflation at a cost -- Volcker is reappointed but there are changes on the board -- The Greenspan era begins -- The Fed's response to the thrift crisis -- Economists dominate the board under Greenspan -- Changes in the Fed's operating procedure after the 1980s. |
Search for related items by subject
Subject: | Federal Reserve banks Board of Governors of the Federal Reserve System (U.S.) |
Available copies
- 1 of 1 copy available at Kirtland Community College.
Holds
- 0 current holds with 1 total copy.
Show Only Available Copies
Location | Call Number / Copy Notes | Barcode | Shelving Location | Status | Due Date |
---|---|---|---|---|---|
Kirtland Community College Library | HG 2563 .W455 2004 | 30775305458045 | General Collection | Available | - |
Electronic resources
The Federal Reserve System : A History
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Summary
The Federal Reserve System : A History
The Federal Reserve banking system was created in 1913 in an effort to bring coherence to nationwide banking practices and prevent crises like the financial panic of 1907. Since it began operating in 1914, the Federal Reserve has played a crucial role in determining American financial policy and practice. It is largely an entity unto itself, operating independently, rarely subject to the political machinations of Congress or the presidency. Yet few Americans know how it works, and even fewer know anything of its history. This history of the Federal Reserve begins by giving an overview of American banking practices before the Federal Reserve's formation. The events leading to the Reserve's creation, and its early trials and tribulations, are then documented. Subsequent chapters track the Federal Reserve's history: its role during times of financial and military crisis, its relationship to each presidential administration, and the Fed's evolution as its leadership has changed over the years. The history wraps up with the Alan Greenspan era, explaining major changes in the institution's operating procedures since the 1980s. An appendix lists all members of the Federal Reserve Board of Governors, from its formation until 2003.