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Marriner Eccles: Father of the Modern Federal Reserve

The Treasury-Federal Reserve Accord

Season 1 Episode 1 | 2m 25s

In modern history, the U.S. Treasury and the Federal Reserve have operated as fully separate institutions — the Treasury manages the nation’s debt, while the Fed sets monetary policy — but this was not always the case. Throughout the 1940s, the Fed had worked with the Treasury to help finance the war effort, but by the 1950s, it was time for this arrangement to come to an end.

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 • 4:00
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles' Road to the Chairman of the Federal Reserve
In 1934, President Roosevelt appointed Marriner Eccles as chairman of the Federal Reserve.
Clip: S1 E1 | 4:00
Watch • 2:38
Marriner Eccles: Father of the Modern Federal Reserve
The Great Depression
The Depression led Marriner to believe in a more active role of government in the economy.
Clip: S1 E1 | 2:38
Watch • 5:07
Marriner Eccles: Father of the Modern Federal Reserve
Marriner Eccles – The Early Years
Marriner Eccles' business knowledge came from working in his father's companies.
Clip: S1 E1 | 5:07
Watch • 0:30
Marriner Eccles: Father of the Modern Federal Reserve
Trailer
Marriner Eccles shaped the Federal Reserve into the independent institution it is today.
Preview: S1 E1 | 0:30
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
Watch • 1:00
Marriner Eccles: Father of the Modern Federal Reserve
Extended Trailer
Discover one of the premier economic thinkers of his time.
Preview: S1 E1 | 1:00
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