| Description |
viii, 215 pages ; 23 cm |
| Bibliography |
Includes bibliographical references (pages 203-209) and index. |
| Contents |
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 Greespan -- Changes in the Fed's operating procedure after the 1980s. |
| Subject |
Federal Reserve banks.
|
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Federal Reserve banks. |
|
Board of Governors of the Federal Reserve System (U.S.)
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Board of Governors of the Federal Reserve System (U.S.) |
| ISBN |
078641880X softcover alkaline paper |
|
