The Federal Reserve System: a History

Bookwatch, The, June, 2005

The Federal Reserve System: A History

Donald R. Wells

McFarland & Company

PO Box 611, Jefferson, NC 28640

www.mcfarlandpub.com

078641880X $35.00 1-800-253-2187

The Federal Reserve banking system was created in 1913 in an effort to solidify nationwide banking practices and prevent further bank crises. Since its original inception, The Federal Reserve has expanded to determine American financial policies and practices, operating independ-ently from presidential and congressional pressures and providing an underlying foundation to the American economy. Donald R. Wells is a professor of economics from the University of Memphis: his The Federal Reserve System: A History provides a thorough coverage of the Reserve's history and roles tracks all the major changes experienced by the institution. The Federal Reserve System: A History is an essential, core addition to both school and community library Economics reference collections.