[PDF] A History of the Federal Reserve, Volume 1: 1913-1951 Writen By Allan H. Meltzer
A History of the Federal Reserve, Volume 1: 1913-1951
Allan H. Meltzer's monumental history of the Federal Reserve System tells the story of one of America's most influential but least understood public institutions. This first volume covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951, which marked the beginning of a larger and greatly changed institution.To understand why the Federal Reserve acted as it did at key points in its history, Meltzer draws on meeting minutes, correspondence, and other internal documents (many made public only during the 1970s) to trace the reasoning behind its policy decisions. He explains, for instance, why the Federal Reserve remained passive throughout most of the economic decline that led to the Great Depression, and how the Board's actions helped to produce the deep recession of 1937 and 1938. He also highlights the impact on the institution of individuals such as Benjamin Strong, governor of the Federal Reserve Bank of New York in the
Product details: A History of the Federal Reserve, Volume 1: 1913-1951
Author : Allan H. Meltzer
Pages : 808 pages
Publisher : University of Chicago Press
Language :
ISBN-10 : 0226520005
ISBN-13 : 9780226520001
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