A History of the Federal Reserve: 1913-1951

A comprehensive history of the US Federal Reserve System from its 1913 founding to its establishment as a separate, independent entity in 1951.

"To understand why the Fed acted as it did—at these critical moments and many others—would require years of study, poring over letters, the minutes of meetings and internal Fed documents. Such a task would naturally deter most scholars of economic history but not, thank goodness, Allan Meltzer." —Wall Street Journal

Allan H. Meltzer's monumental histo...