The Federal Reserve and Its Founders: Money, Politics, and Power

Name: The Federal Reserve and Its Founders: Money, Politics, and Power
Brand: Agenda Publishing
SKU: 9781788210782
Price: 3608.0 INR
Availability: InStock

by Richard Naclerio

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ISBN13: 9781788210782
Binding: Paperback
Subject: N/A
Publisher: Agenda Publishing
Publisher Imprint: Agenda Publishing
Publication Date: August 28, 2018
Pages: 288
Original Price: GBP 24.99
Language: English
Edition: N/A
Item Weight: 386 grams
BISAC Subject(s): Banks & Banking

About The Book

The U.S. Federal Reserve has been with us for just over one hundred years. Founded in response to a major economic panic, it has played a key role in the world economy ever since, including the recent global economic downturn. The Fed's structure is unique among central banking systems. Many people think it is a government agency, that it was created by politicians for the benefit of the U.S. economy, and that it is regulated by the U.S. government. None of these assumptions are true. To fully understand the Federal Reserve and its role today we need to examine its origins and the men that founded it.

Using extensive archival sources, Richard A. Naclerio investigates the highly secretive events that surrounded the Fed's creation and the bankers, financiers, and economists that played a fundamental part in shaping both its organization and the role it was to play over the next century. In particular, the book examines the motivations of those seven men who met in secret on Jekyll Island, Georgia to create the first draft of the Federal Reserve Act, and reveals the banking and business ties and shared ideologies that bound these men together. The book makes a significant contribution to economic and financial history and sheds new light on the making of one of the world's most important financial institutions and how it came to have the national and international influence it does.

About The Author

Richard A. Naclerio has worked extensively in business operations and real estate investment in New York City and Denver, Colorado. He continues to manage his own real estate companies and stock portfolios. Although he enjoyed some financial success, personal fulfilment eluded him. So in 2010, at the age of 40, he decided to pursue his passion for history. Still lacking a college diploma, he received his BA and Masters from Iona College, graduating first in his class at the age of 43. He taught business communications and English at Monroe College in the Bronx, New York and worked for three years at Sacred Heart University in Fairfield, Connecticut as an adjunct history instructor and academic advisor. Awarded a fellowship to the history doctoral program of the Graduate Center at City University of New York, he is now, at 48, a third-year PhD candidate. He is also a graduate teaching fellow at Lehman College. He is married with four children and lives in Westchester County, NY. This is his first book.

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