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The Federal Reserve and its Founders
Money, Politics and Power
by Richard Naclerio
This title was previously available on NetGalley and is now archived.
Pub Date
May 30 2018
| Archive Date
Jan 01 2019
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Description
To fully understand the Federal Reserve and its role today we need to examine its origins and the men who founded it. Using extensive archival sources, Richard Naclerio investigates the highly secretive events that surrounded the Fed’s creation and the bankers, financiers and tycoons that shaped both its organization and the role it was to play over the next century. The motivations of this handful of men who created the first draft of the Federal Reserve Act are explored, and the business ties and shared ideologies that bound them together revealed. A story of vested interest and the pursuit of power, the book sheds new light on the creation of one of the world’s most important financial institutions.
To fully understand the Federal Reserve and its role today we need to examine its origins and the men who founded it. Using extensive archival sources, Richard Naclerio investigates the highly...
Description
To fully understand the Federal Reserve and its role today we need to examine its origins and the men who founded it. Using extensive archival sources, Richard Naclerio investigates the highly secretive events that surrounded the Fed’s creation and the bankers, financiers and tycoons that shaped both its organization and the role it was to play over the next century. The motivations of this handful of men who created the first draft of the Federal Reserve Act are explored, and the business ties and shared ideologies that bound them together revealed. A story of vested interest and the pursuit of power, the book sheds new light on the creation of one of the world’s most important financial institutions.
Available Editions
| EDITION |
Other Format |
| ISBN |
9781788210782 |
| PRICE |
$35.00 (USD)
|
| PAGES |
288
|
Additional Information
Available Editions
| EDITION |
Other Format |
| ISBN |
9781788210782 |
| PRICE |
$35.00 (USD)
|
| PAGES |
288
|
Average rating from 4 members
Featured Reviews
Natasha R, Bookseller
This is a thoroughly researched and well written volume about an important part of our government which provides the underpinnings for our financial system but is little known or understood. This book makes a great contribution to the understanding of the Federal Reserve System.
Cheli D, Reviewer
I really felt that a little bit of background regarding the banking industry would be helpful when I started to delve into the Great Depression so seeing this book about the Federal Reserve I thought would be a good fit.
It may well have been however, the writing was such that unless I needed to read this book for credit to receive a Masters in Economics or Finance there was no way that I was going to plunge through it. I really tried, however, it appeared that the writer was trying to show how many 4 syllable words he could fit into each sentence. When even 2 or 3 syllable words were unknown to me and I spent more time using the dictionary than actually reading the book, I knew it was time to abandon it. My Vocabulary may have increased a bit, my knowledge of the Federal Reserve did not.
Definitely not for the casual reader.
Brendan C, Reviewer
The Fed is one of the most important if least understand institutions in US public life. It's decisions have global consquences, its independence vital to the modern global economy.
In this book Naclerio outlines the unknown origin of the Fed and the key players (bankers, financiers, and economists) that help to deisgn and shape its work. The focus is very much on seven men who met in secret to draft the Federal Reserve Act.
It strikes me as a very impressive work of economic and financial history. It is clear that a huge amount of research and work went into this project and I would recommend for anyone interested in the history of banking. A good compliment to the masterful Lords of Finance.
Featured Reviews
Natasha R, Bookseller
This is a thoroughly researched and well written volume about an important part of our government which provides the underpinnings for our financial system but is little known or understood. This book makes a great contribution to the understanding of the Federal Reserve System.
Cheli D, Reviewer
I really felt that a little bit of background regarding the banking industry would be helpful when I started to delve into the Great Depression so seeing this book about the Federal Reserve I thought would be a good fit.
It may well have been however, the writing was such that unless I needed to read this book for credit to receive a Masters in Economics or Finance there was no way that I was going to plunge through it. I really tried, however, it appeared that the writer was trying to show how many 4 syllable words he could fit into each sentence. When even 2 or 3 syllable words were unknown to me and I spent more time using the dictionary than actually reading the book, I knew it was time to abandon it. My Vocabulary may have increased a bit, my knowledge of the Federal Reserve did not.
Definitely not for the casual reader.
Brendan C, Reviewer
The Fed is one of the most important if least understand institutions in US public life. It's decisions have global consquences, its independence vital to the modern global economy.
In this book Naclerio outlines the unknown origin of the Fed and the key players (bankers, financiers, and economists) that help to deisgn and shape its work. The focus is very much on seven men who met in secret to draft the Federal Reserve Act.
It strikes me as a very impressive work of economic and financial history. It is clear that a huge amount of research and work went into this project and I would recommend for anyone interested in the history of banking. A good compliment to the masterful Lords of Finance.
