The Federal Reserve and its Founders

A story of vested interest and the pursuit of power and profit that brought about America's first central bank. Naclerio sheds new light on the creation of one of the world'smost important financial institutions and how it came to have the national and international influence it exerts today.

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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.