1.

Record Nr.

UNINA9910807241503321

Autore

Bremner Robert P. <1940->

Titolo

Chairman of the Fed : William McChesney Martin, Jr., and the creation of the modern American financial system / / Robert P. Bremner

Pubbl/distr/stampa

New Haven, : Yale University Press, c2004

ISBN

1-281-72970-1

9786611729707

0-300-12779-0

Edizione

[1st ed.]

Descrizione fisica

1 online resource (1 online resource (vi, 357 p.) ) : ill

Disciplina

332.1/1/092

B

Soggetti

Government economists - United States

United States Economic policy 1945-1960

United States Economic policy 1961-1971

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references (p. 309-344) and index.

Nota di contenuto

Front matter -- Contents -- Introduction: Who Was Bill Martin? -- 1. A Family of Substance -- 2. Into the Maelstrom -- 3. Cleaning the Augean Stables of Capitalism -- 4. From President to Private and Back Again -- 5. From Crisis to Crisis -- 6. By Fits and Starts -- 7. Trying to Manage Prosperity -- 8. Gunfight on the New Frontier -- 9. Sowing the Wind -- 10. Reaping the Whirlwind -- 11. Passing the Torch -- 12. The Public Private Citizen -- Epilogue -- Appendix -- Abbreviations -- Notes -- Acknowledgments -- Index

Sommario/riassunto

This is the first biography of William McChesney Martin, Jr. (1906-1998), the first paid president of the New York Stock Exchange and the chairman of the Federal Reserve System under Presidents Truman to Nixon. The extent of Martin's influence on the course of American economic history was significant: arguably he has done more to strengthen and reform the nation's most important financial institutions than has any other individual. Chairman of the Fed tells Martin's fascinating life story and explains his lasting impact on the NYSE and the Fed, both troubled institutions that Martin transformed. The book provides an inside look into the economic deliberations of



five presidential administrations and describes Martin's battles to bring about ethical and intelligent regulation of U.S. financial markets. His experiences shed light not only on the evolution of the American financial system but also on critical issues that confront the system today.