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

Format:

Book

Author/Creator:

Bremner, Robert P., 1940-

Language:

English

Subjects (All):

Martin, William McChesney, Jr., 1906-1998.

Martin, William McChesney.

Board of Governors of the Federal Reserve System (U.S.)--Officials and employees--Biography.

Board of Governors of the Federal Reserve System (U.S.).

Government economists--United States--Biography.

Government economists.

United States--Economic policy--1945-1960.

United States.

United States--Economic policy--1961-1971.

Physical Description:

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

Edition:

1st ed.

Place of Publication:

New Haven : Yale University Press, c2004.

Language Note:

English

Summary:

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.

Contents:

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

Notes:

Bibliographic Level Mode of Issuance: Monograph

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

ISBN:

1-281-72970-1

9786611729707

0-300-12779-0

OCLC:

1013963047