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Paul Warburg
Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American investment banker who served as the 2nd Vice Chair of the Federal Reserve from 1916 to 1918. Prior to his term as vice chairman, Warburg appointed as a member of the Federal Reserve Board of Governors since 1914. He was an early advocate of the US central bank system. Early life Warburg was born in Hamburg, Germany, to the Warburg family, a Jewish banking dynasty with origins in Venice. His parents were Moritz and Charlotte Esther (Oppenheim) Warburg. After graduating from the Realgymnasium in Hamburg in 1886, he entered the employ of Simon Hauer, a Hamburg importer and exporter, to learn the fundamentals of business practice. He similarly worked for Samuel Montague & Company, bankers, in London in 1889–90, and the Banque Russe pour le Commerce Etranger in Paris in 1890–91.''Dictionary of American Biography'', Vol. XIX, p. 412–13. New York: Charles Scribner's Sons, 1936.''National Cyclopae ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vice Chair Of The Federal Reserve
The vice chair of the Board of Governors of the Federal Reserve System is the second-highest officer of the Federal Reserve, after the chair of the Federal Reserve. In the absence of the chair, the vice chair presides over the meetings Board of Governors of the Federal Reserve System. The vice chair and the vice chair for supervision each serve a four-year term after being nominated by the president of the United States and confirmed by the United States Senate, and they serve concurrently as members of the Board of Governors. Both vice chairs may serve multiple terms, pending a new nomination and confirmation at the end of each term, with Ronald Ransom as the longest serving vice chair from 1936 to 1947. They cannot be dismissed by the president before the end of their term. The position of vice chair is currently held by Lael Brainard who was sworn in on May 23, 2022. The position of vice chair for supervision is currently held by Michael Barr (Treasury official), Michael Barr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacob Schiff
Jacob (; ; ar, يَعْقُوب, Yaʿqūb; gr, Ἰακώβ, Iakṓb), later given the name Israel, is regarded as a patriarch of the Israelites and is an important figure in Abrahamic religions, such as Judaism, Christianity, and Islam. Jacob first appears in the Book of Genesis, where he is described as the son of Isaac and Rebecca, and the grandson of Abraham, Sarah, and Bethuel. According to the biblical account, he was the second-born of Isaac's children, the elder being Jacob's fraternal twin brother, Esau. Jacob is said to have bought Esau's birthright and, with his mother's help, deceived his aging father to bless him instead of Esau. Later in the narrative, following a severe drought in his homeland of Canaan, Jacob and his descendants, with the help of his son Joseph (who had become a confidant of the pharaoh), moved to Egypt where Jacob died at the age of 147. He is supposed to have been buried in the Cave of Machpelah. Jacob had twelve sons through four women, his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Monetary Commission
The National Monetary Commission was a U.S. congressional commission created by the Aldrich–Vreeland Act of 1908. After the Panic of 1907, the Commission studied the banking laws of the United States, and the leading countries of Europe. The chairman of the Commission, Senator Nelson Aldrich, a Republican leader in the Senate, personally led a team of experts to major European capitals. They were stunned to discover how much more efficient the European financial system appeared to be and how much more important than the dollar were the pound, the franc and the mark in international trade. The Commission's reports and recommendations became one of the principal bases in the enactment of the Federal Reserve Act of 1913 which created the modern Federal Reserve system. Background Following the panics of the late 1890s and early 1900s, the American people were aroused to the need for basic reforms. One of the most painful aspects of the economic crisis before World War I was the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nelson Aldrich
Nelson Wilmarth Aldrich (/ ˈɑldɹɪt͡ʃ/; November 6, 1841 – April 16, 1915) was a prominent American politician and a leader of the Republican Party in the United States Senate, where he represented Rhode Island from 1881 to 1911. By the 1890s, he was one of the "Big Four" key Republicans who largely controlled the major decisions of the Senate, along with Orville H. Platt, William B. Allison, and John Coit Spooner.Lewis Gould, ''The Most Exclusive Club: A History of the Modern United States Senate'' (2009) pp 17–31 Because of his impact on national politics and central position on the pivotal Senate Finance Committee, he was referred to by the press and public alike as the "general manager of the Nation", dominating tariff and monetary policy in the first decade of the 20th century. Born in Foster, Rhode Island, Aldrich served in the Union Army during the American Civil War. After the war, he became a partner in a large wholesale grocery firm and won election to the Rho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reichsbank
The ''Reichsbank'' (; 'Bank of the Reich, Bank of the Realm') was the central bank of the German Reich from 1876 until 1945. History until 1933 The Reichsbank was founded on 1 January 1876, shortly after the establishment of the German Empire in 1871. It was the central bank of Prussia, under the close control of the Reich government. Its first president was Hermann von Dechend. Before unification in 1871, Germany had 31 central banks – the Notenbanken ("note banks"). Each of the independent states issued their own money. In 1870, a law was passed that forbade the formation of further central banks. In 1874, a draft banking law was introduced in the ''Reichstag'', the federal legislature of the German Reich. After several changes and compromises, the law was passed in 1875. Despite the creation of the Reichsbank, however, four of the ''Notenbanken'' – Baden, Bavaria, Saxony and Württemberg – continued to exist until 1914 . The Reichsbank experienced both ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Columbia University
Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhattan, Columbia is the oldest institution of higher education in New York and the fifth-oldest institution of higher learning in the United States. It is one of nine colonial colleges founded prior to the Declaration of Independence. It is a member of the Ivy League. Columbia is ranked among the top universities in the world. Columbia was established by royal charter under George II of Great Britain. It was renamed Columbia College in 1784 following the American Revolution, and in 1787 was placed under a private board of trustees headed by former students Alexander Hamilton and John Jay. In 1896, the campus was moved to its current location in Morningside Heights and renamed Columbia University. Columbia scientists and scholars have ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edwin Seligman
Edwin Robert Anderson Seligman (1861–1939), was an American economist who spent his entire academic career at Columbia University in New York City. Seligman is best remembered for his pioneering work involving taxation and public finance. His principles for a progressive federal income tax were adopted by Congress after the passage of the Sixteenth Amendment. A prolific scholar and teacher, his students had great influence on the fiscal architecture of postcolonial nations. He served as an influential founding member of the American Economics Association. Early life Edwin Seligman was born April 25, 1861 in New York City, the son of the banker Joseph Seligman. He was tutored by Horatio Alger and had a broad facility for languages. Seligman attended Columbia University at fourteen and graduated in 1879 with an ABLeon Applebaum, "Edwin R. A. Seligman," in John D. Buenker and Edward R. Kantowicz (eds.), ''Historical Dictionary of the Progressive Era, 1890-1920.'' Westport, CT: G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Century Magazine
''The Century Magazine'' was an illustrated monthly magazine first published in the United States in 1881 by The Century Company of New York City, which had been bought in that year by Roswell Smith and renamed by him after the Century Association. It was the successor of '' Scribner's Monthly Magazine''. It was merged into '' The Forum'' in 1930. History The initial editor was to have been Scribner's editor and co-owner Josiah G. Holland, but he died prior to the appearance of the first issue. He was succeeded by Richard Watson Gilder, the managing editor of Scribner's, who would go on to helm ''The Century'' for 28 years. Gilder largely continued the mixture of literature, history, current events, and high-quality illustrations that Holland had used at Scribner's. The magazine was very successful during the 19th century, most notably for a series of articles about the American Civil War which ran for three years during the 1880s. It included reminiscences of 230 participants ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council On Foreign Relations
The Council on Foreign Relations (CFR) is an American think tank A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmenta ... specializing in U.S. foreign policy and international relations. Founded in 1921, it is a nonprofit organization that is independent and nonpartisan. CFR is based in New York City, with an additional office in Massachusetts. Its Members of the Council on Foreign Relations, membership has included senior politicians, numerous United States Secretary of State, secretaries of state, Central Intelligence Agency, CIA directors, bankers, lawyers, professors, corporate directors and CEOs, and senior Mass media, media figures. CFR meetings convene government officials, global business leaders and prominent members of the intelligence and foreign-policy community to discuss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russell Leffingwell
Russell Cornell Leffingwell (September 10, 1878 – October 2, 1960) was an American banker who led the Council on Foreign Relations from 1944 until 1953. From 1944 to 1946, he served as president of the Council, and from 1946 to 1953, he served as the organization's first chairman. He was also a trustee of Carnegie Corporation The Carnegie Corporation of New York is a philanthropic fund established by Andrew Carnegie in 1911 to support education programs across the United States, and later the world. Carnegie Corporation has endowed or otherwise helped to establis ... from 1923 to 1959. His banking career, which focused on international lending, started when he joined J.P. Morgan in 1923, and he retired as chairman of the company in 1950. In reference to the economic problems of the early 1930s, he is reported to have said: "The remedy is for people to stop watching the ticker, listening to the radio, drinking bootleg gin, and dancing to jazz... and return to the old econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Central Banking In The United States
This history of central banking in the United States encompasses various bank regulations, from early wildcat banking practices through the present Federal Reserve System. 1781–1836: Bank of North America and First and Second Bank of the United States Bank of North America Some Founding Fathers were strongly opposed to the formation of a national banking system; the fact that England tried to place the colonies under the monetary control of the Bank of England was seen by many as the "last straw" of oppression which led directly to the American Revolutionary War. Others were strongly in favor of a national bank. Robert Morris, as Superintendent of Finance, helped to open the Bank of North America in 1782, and has been accordingly called by Thomas Goddard "the father of the system of credit and paper circulation in the United States". As ratification in early 1781 of the Articles of Confederation had extended to Congress the sovereign power to generate bills of credit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Noel Loomis
Noel Loomis (April 3, 1905 – September 7, 1969) was a writer, principally of western, mystery and science-fiction, in the middle of the 20th century. Born and raised in the American West, he was sufficiently familiar with that territory to write a useful history of the Wells Fargo company. Access to this collection may be available through a local public library. Personal life Noel Loomis was born Noel Miller Loomis on April 3, 1905, in the Oklahoma Territory town of Wakita, in the Cherokee Strip, and raised in Texico, in the New Mexico Territory, and in the West Texas town of Slaton. In later life he lived in Decanso, in the San Diego, California, Back Country from 1956. He married Dorothy Moore Green, who was also a writer, in 1945. There is evidence that he had a first wife named Johnie or Jonie, who was the mother of his children. Noel Loomis, Ward 10, Minneapolis, Minneapolis City, Hennepin, Minnesota, United States; citing enumeration district (ED) 89–288 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
