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Tell Your Senator: Don't Claw Back Public Media Funding

The Great Depression

Season 1 Episode 1 | 2m 38s

Marriner Eccles' experiences during the Great Depression led to an epiphany — rather than relying solely on the free market, Marriner came to believe that in times of economic hardship, the federal government had a responsibility to intervene on behalf of the people, or risk the collapse of democracy and capitalism both.

Funding provided by the Lawrence T. & Janet T. Dee Foundation, and by Vincent P. and Janet Mancini.
Extras
How does the nation’s central bank work to oversee the U.S. economy?
The Treasury–Fed Accord of 1951 created the modern Federal Reserve as it exists today.
In 1934, President Roosevelt appointed Marriner Eccles as chairman of the Federal Reserve.
Marriner Eccles' business knowledge came from working in his father's companies.
Marriner Eccles shaped the Federal Reserve into the independent institution it is today.
Marriner Eccles shaped the Federal Reserve into the independent institution it is today.
Discover one of the premier economic thinkers of his time.
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Marriner Eccles shaped the Federal Reserve into the independent institution it is today.