U.S. banking before the Federal Reserve
The Aldrich-Vreeland Act prevents a panic in 1914
Original uncertainty regarding exercise of fed authority
The Federal Reserve's role in World War I
The discovery of a new tool for the Federal Reserve
The fed in the 1929-1933 contraction
Policy changes in the Roosevelt administration
The fed's role in World War II
The fed between World War II and the Korean War
The Korean War and the accord with the Treasury
"Bills only" as an act of independence
Operation twist and President Kennedy's tax cut
Chairman Martin's battle with President Johnson over inflation
Nixon replaces Martin with Burns and inflicts price controls on the economy
Supply shocks in the 1970s make unemployment and inflation worse
Carter replaces Burns with Miller and inflation worsens
The Volcker era begins and the fed gets control over all banks
Volcker's fed slows inflation at a cost
Volcker is reappointed but there are changes on the board
The fed's response to the thrift crisis
Economists dominate the board under Greespan
Changes in the fed's operating procedure after the 1980s.
