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Working Paper

The Federal Reserve Board before Marriner Eccles (1931-1934)

A history of the evolution of political economy models in the early 1930s--crucial years of change in the supervision and regulation of the financial industry--outlining the policies of the Hoover and Roosevelt administrations, the change of focus in the Federal Reserve Board from corporate-statist economic initiatives to an orthodox Keynesian outlook, and the push toward centralizing the monetary powers of the Federal Reserve System at the Board.

Suggested Citation

Todd, Walker. 1994. “The Federal Reserve Board before Marriner Eccles (1931-1934).” Federal Reserve Bank of Cleveland, Working Paper No. 94-05. https://doi.org/10.26509/frbc-wp-199405