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.
Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.
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
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