The Federal Reserve Act of 1913 in the Stream of U.S. Monetary History

10 Pages Posted: 31 Oct 2012

See all articles by James Parthemos

James Parthemos

Federal Reserve Banks - Federal Reserve Bank of Richmond (Deceased)

Date Written: 1988

Abstract

Cursory histories of United States money and banking usually link the origins of the Federal Reserve System to the panic of 1907, to the Aldrich-Vreeland Act of 1908, and to the monumental work of the National Monetary Commission established by that act. It is probably more revealing to interpret the original Federal Reserve System as a key stage in a process of monetary and banking experimentation that dates back to the beginnings of the nation.

Suggested Citation

Parthemos, James, The Federal Reserve Act of 1913 in the Stream of U.S. Monetary History (1988). FRB Richmond Economic Review, vol. 74, no. 4, July/August 1988, pp. 19-28. Available at SSRN: https://ssrn.com/abstract=2122457

James Parthemos (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Richmond (Deceased)

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