The Federal Reserve System: An Encyclopedia

The Federal Reserve System: An Encyclopedia

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The Federal Reserve System, founded in 1913, is recognized as one of the most influential policy-making bodies in the United States. Its duties including managing the country's monetary policy, regulating and supervising banks, and monitoring the financial system, set it apart from other government agencies. Hafer provides a comprehensive explanation of the Federal Reserve System, describing its structure and process, policies, people, and key events. Arranged alphabetically, over 250 entries define and describe topics related to the Fed and United States monetary policy, including Alan Greenspan, Black Monday of 1929, Euro, Federal Reserve Act of 1913, Prime rate, and Treasury financing. Numerous appendices supplement the A-to- Z entries, providing insight into the secretive and powerful Federal Reserve Bank, the keepers of America's monetary system.GREAT CRASH. The stock market crash of l929a€”the Great Crasha€”remains as a vivid picture of financial chaos even today. ... To put the 1929 crash in perspective, the chart below plots the daily closing value of the Dow Jones Industrial Average (DJIA) over the period 1920-1935. ... Significant as this may seem, it palls in comparison to the steep climb that stock prices made in the next few years. By earlyanbsp;...

Title:The Federal Reserve System: An Encyclopedia
Author:Rik W. Hafer
Publisher:ABC-CLIO - 2005-07-30


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