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Marriner Eccles: Father of the Modern Federal Reserve

Season 1 Episode 1 | 56m 40s

Marriner Eccles was one of the premier economic thinkers of his time. The Chairman of the Federal Reserve under Presidents Roosevelt and Truman, Marriner was integral to the economic policies of the 1930s and ‘40s; he was a staunch advocate for the independence of the nation’s central bank, and a voice of the New Deal.

Aired: 10/14/19 | Expires: 01/26/21
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.
The Depression led Marriner to believe in a more active role of government in the economy.
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.
Discover one of the premier economic thinkers of his time.