The Federal Reserve System: A History

2.92 avg rating
( 12 ratings by Goodreads )
 
9780786418800: The Federal Reserve System: A History
View all copies of this ISBN edition:
 
 

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.

"synopsis" may belong to another edition of this title.

About the Author:

Donald R. Wells, professor emeritus of Economics from the University of Memphis, has written extensively in the areas of free banking, the Canadian Banking System, and the reaction of the U.S. and Canadian banking systems to periods of depression. His scholarly interests range beyond economics--he is also the author of The Race for the Governor's Cup: The Pacific Coast League Playoffs, 1936-1954 (2000). He lives in Bartlett, Tennessee.

From Booklist:

Wells, an academic, traces the history of the Federal Reserve System from before its creation to the present day, explaining why it was formed and the part it plays in determining American financial policy and practices. The Fed became operational in November 1914, averting a major panic after the war broke out in Europe and the U.S. national banks were allowed to issue a special emergency currency. The author describes the Fed chairmen through the years, the presidential administrations they served, and the economic and policy issues, as well as the power struggles, they faced. He notes that its longtime conflict with the U.S. Treasury was not resolved until 1951, and it took until 1953 for the Fed to become engaged in independent monetary policy. This excellent book highlights the importance of a valued government institution, and although Wells claims he has written it for the general public, librarians should be aware that it is not elementary reading. Mary Whaley
Copyright © American Library Association. All rights reserved

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

Stock Image

1.

Donald R. Wells
Published by Brand: McFarland (2004)
ISBN 10: 078641880X ISBN 13: 9780786418800
New Paperback Quantity Available: 1
Seller:
Book Deals
(Lewiston, NY, U.S.A.)

Book Description Brand: McFarland, 2004. Paperback. Condition: BRAND NEW. Seller Inventory # 078641880X_abe_bn

More information about this seller | Contact this seller

Buy New
US$ 43.01
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds
Stock Image

2.

Donald R. Wells
Published by McFarland & Co Inc, United States (2004)
ISBN 10: 078641880X ISBN 13: 9780786418800
New Paperback Quantity Available: 1
Seller:
Book Depository International
(London, United Kingdom)

Book Description McFarland & Co Inc, United States, 2004. Paperback. Condition: New. Language: English. Brand new Book. 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. Seller Inventory # AAN9780786418800

More information about this seller | Contact this seller

Buy New
US$ 43.02
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds
Stock Image

3.

Donald R. Wells
Published by McFarland & Co Inc, United States (2004)
ISBN 10: 078641880X ISBN 13: 9780786418800
New Paperback Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)

Book Description McFarland & Co Inc, United States, 2004. Paperback. Condition: New. Language: English. Brand new Book. 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. Seller Inventory # AAN9780786418800

More information about this seller | Contact this seller

Buy New
US$ 46.43
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds
Stock Image

4.

Donald R. Wells
Published by McFarland & Co Inc
ISBN 10: 078641880X ISBN 13: 9780786418800
New Paperback / softback Quantity Available: 1
Seller:
THE SAINT BOOKSTORE
(Southport, United Kingdom)

Book Description McFarland & Co Inc. Paperback / softback. Condition: New. New copy - Usually dispatched within 2 working days. Seller Inventory # B9780786418800

More information about this seller | Contact this seller

Buy New
US$ 46.82
Convert currency

Add to Basket

Shipping: US$ 8.64
From United Kingdom to U.S.A.
Destination, rates & speeds
Stock Image

5.

Donald R. Wells
Published by McFarland (2004)
ISBN 10: 078641880X ISBN 13: 9780786418800
New Quantity Available: 1
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)

Book Description McFarland, 2004. PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # CE-9780786418800

More information about this seller | Contact this seller

Buy New
US$ 45.28
Convert currency

Add to Basket

Shipping: US$ 37.34
From United Kingdom to U.S.A.
Destination, rates & speeds
Stock Image

6.

Donald R. Wells
ISBN 10: 078641880X ISBN 13: 9780786418800
New Quantity Available: 1
Seller:
BennettBooksLtd
(San Diego, CA, U.S.A.)

Book Description Condition: New. New. Seller Inventory # M-078641880X

More information about this seller | Contact this seller

Buy New
US$ 94.57
Convert currency

Add to Basket

Shipping: US$ 4.95
Within U.S.A.
Destination, rates & speeds
Stock Image

7.

Donald R. Wells
Published by McFarland (2004)
ISBN 10: 078641880X ISBN 13: 9780786418800
New Paperback Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)

Book Description McFarland, 2004. Paperback. Condition: New. Seller Inventory # DADAX078641880X

More information about this seller | Contact this seller

Buy New
US$ 122.45
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds