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Marriner Eccles: Father of the Modern Federal Reserve

Marriner Eccles' Road to the Chairman of the Federal Reserve

Season 1 Episode 1 | 4m 00s

In a speech before Congress in 1933, with the nation in the throes of the Great Depression, a previously-unknown banker from Utah took to the podium to advocate for unprecedented, major government interventions in the economy — from unemployment insurance to housing assistance. His name was Marriner Eccles, and his ideas would soon propel him to the seat of chairman of the Federal Reserve.

Funding provided by the Lawrence T. & Janet T. Dee Foundation, and by Vincent P. and Janet Mancini.
Extras
Watch • 2:37
Marriner Eccles: Father of the Modern Federal Reserve
The Role of the Modern Federal Reserve
How does the nation’s central bank work to oversee the U.S. economy?
Clip: S1 E1 | 2:37
Watch • 2:25
Marriner Eccles: Father of the Modern Federal Reserve
The Treasury-Federal Reserve Accord
The Treasury–Fed Accord of 1951 created the modern Federal Reserve as it exists today.
Clip: S1 E1 | 2:25
Latest Episodes
Watch • 56:40
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles shaped the Federal Reserve into the independent institution it is today.
Episode: S1 E1 | 56:40