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William Gibbs McAdoo and the development of the Federal Reserve.

Publication: International Advances in Economic Research
Publication Date: 01-AUG-03
Format: Online - approximately 204 words
Delivery: Immediate Online Access
Full Article Title: William Gibbs McAdoo and the development of the Federal Reserve.(Research Notes)(Brief Article)

Article Excerpt
As Treasury Secretary under Woodrow Wilson, William Gibbs McAdoo influenced the development and passage of the Federal Reserve Act and oversaw its rapid implementation. Like other progressive of his era, McAdoo believed the U.S. economy needed a monetary system with centralized governmental control and regional flexibility. He wanted an...

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