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Benjamin Strong, Jr.
Benjamin Strong Jr. (December 22, 1872 – October 16, 1928) was an American banker. He served as Governor of the Federal Reserve Bank of New York for 14 years until his death. He exerted great influence over the policy and actions of the entire Federal Reserve System and indeed over the financial policies of all of the United States and Europe. Early life Strong was born in Fishkill, New York in the Hudson Valley, and was raised in Montclair, New Jersey. His father's family were primarily merchants and bankers, descended from a British immigrant who had arrived in Massachusetts in 1630. Strong had hopes of attending Princeton University after an older brother, but his family experienced temporary financial difficulties when he graduated from Montclair High School. Strong opted to go to work and became a clerk at a Wall Street investment and financial management firm associated with his father's employer. Corporate banking career In 1900, Strong joined a trust company to work as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Presidents Of The Federal Reserve Bank Of New York
The Federal Reserve Bank of New York (New York Fed) is one of 12 regional reserve banks of the Federal Reserve System, which is the American central bank. It is described as being the most important of the banks, due to it being in Economy of New York City, the world's center of finance and serving as the Federal Open Market Committee's operating arm. This is also due to its conducting of open market operations and currency intervention, foreign exchange market intervention. History The former title for the chief executive officer of the New York Fed was governor and was renamed to president due to the Banking Act of 1935. Akin to all other reserve bank presidents, the president of the New York Fed is nominated by the Federal Reserve Bank of New York#Board of Directors, Board of Directors of the New York Fed and is approved by the Board of Governors of the Federal Reserve System. The Federal Reserve Act states that the president of a Federal Reserve Bank is the chief executive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panic Of 1907
The Panic of 1907, also known as the 1907 Bankers' Panic or Knickerbocker Crisis, was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange suddenly fell almost 50% from its peak the previous year. The panic occurred during a time of economic recession, and there were numerous bank run, runs affecting banks and trust company, trust companies. The 1907 panic eventually spread throughout the nation when many state and local banks and businesses entered bankruptcy. The primary causes of the run included a retraction of market liquidity by a number of New York City banks and a loss of confidence among depositors, exacerbated by unregulated side bets at bucket shop (stock market), bucket shops. The panic was triggered by the failed attempt in October 1907 to cornering the market, corner the market on stock of the United Copper, United Copper Company. When the bid failed, banks that had lent money to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry P
Henry may refer to: People and fictional characters * Henry (given name), including lists of people and fictional characters * Henry (surname) * Henry, a stage name of François-Louis Henry (1786–1855), French baritone Arts and entertainment * ''Henry'' (2011 film), a Canadian short film * ''Henry'' (2015 film), a virtual reality film * '' Henry: Portrait of a Serial Killer'', a 1986 American crime film * ''Henry'' (comics), an American comic strip created in 1932 by Carl Anderson * "Henry", a song by New Riders of the Purple Sage Places Antarctica * Henry Bay, Wilkes Land Australia * Henry River (New South Wales) * Henry River (Western Australia) Canada * Henry Lake (Vancouver Island), British Columbia * Henry Lake (Halifax County), Nova Scotia * Henry Lake (District of Chester), Nova Scotia New Zealand * Lake Henry (New Zealand) * Henry River (New Zealand) United States * Henry, Illinois * Henry, Indiana * Henry, Nebraska * Henry, South Dakota * Henry County ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citibank
Citibank, N.A. ("N. A." stands for "National bank (United States), National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation, multinational corporation. Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. The bank has branch (banking), branches in 19 countries. The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. As of 2023, Citibank is the third-largest bank in the United States in terms of assets. History Founding 19th century The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became President of the bank, staying until 1817, followed by Peter Stagg (1817–1825), Thomas Smith (1825–1827), Isaac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Vanderlip
Frank Arthur Vanderlip Sr. (November 17, 1864 – June 30, 1937) was an American banker and journalist. He was president of the National City Bank of New York (now Citibank) from 1909 to 1919, and Assistant Secretary of the Treasury from 1897 to 1901. Vanderlip is known for his part in founding the Federal Reserve System and for founding the first Montessori school in the United States, the Scarborough School and the group of communities in Palos Verdes, California. Born in rural Illinois, Vanderlip worked in farms and factories until beginning a career in journalism in 1885. His efforts in financial journalism led him to become Assistant Secretary of the Treasury until the National City Bank hired him. While president of the bank, Vanderlip worked with the Jekyll Island group to develop a federal reserve; Vanderlip's later proposals also influenced the creation of the Federal Reserve System in 1913. His later life was focused towards developing Palos Verdes and creat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Warburg
Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American investment banker who served as the second vice chairman of the Federal Reserve from 1916 to 1918. Prior to his term as vice chairman, Warburg served as one of the original members of the Federal Reserve Board, taking office in 1914. He was an early advocate for the establishment of the US central bank system. Early life Warburg was born in Hamburg, Germany, to the Warburg family, a German 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 Montagu & Co., bankers, in London in 1889–1890, and the Banque Russe pour le Commerce Etranger in Paris in 1890–1891.''Dictionary of American Biography'', Vol. XIX, p. 412–13. Ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abram Andrew
Abram Piatt Andrew Jr. (February 12, 1873 – June 3, 1936) was an American economist and politician who served as Assistant Secretary of the Treasury, the founder and director of the American Ambulance Field Service during World War I, and a member of the U.S. House of Representatives from Massachusetts. Early life and education He was born in La Porte, Indiana, on February 12, 1873. He attended the public schools and the Lawrenceville School. He graduated from Princeton College in 1893, studied at the Harvard Graduate School of Arts and Sciences from 1893 to 1898, graduating with a master's degree in 1895 and a doctorate in 1900. He later pursued postgraduate studies in the Universities of Halle, Berlin, and Paris. Early career in economics He moved to Gloucester, Massachusetts, and was instructor and assistant professor of economics at Harvard University from 1900 to 1909. In January 1907, Andrew published a paper that anticipated the economic panic that hit in the fall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jekyll Island
Jekyll Island is an island located in Glynn County, Georgia, United States. It is one of the Sea Islands and one of the Golden Isles of Georgia barrier islands. The island is owned by the State of Georgia and run by a self-sustaining, self-governing body. It was long used seasonally by indigenous peoples of the region. The Guale and the Mocama, the indigenous peoples of the area when Europeans first reached the area, were killed or forced to leave by the English of the Province of Carolina and their native allies, and by raids by French pirates. Plantations were developed on the island during the British colonial period. A few structures still standing are made of tabby, a coastal building material using crushed oyster shells. The island was developed in the late 19th and early 20th centuries. It was evacuated during World War II by order of the US government. In 1947 the state of Georgia acquired all the property, for security and preservation. A popular tourist destin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nelson Rockefeller
Nelson Aldrich "Rocky" Rockefeller (July 8, 1908 – January 26, 1979) was the 41st vice president of the United States, serving from 1974 to 1977 under President Gerald Ford. He was also the 49th governor of New York, serving from 1959 to 1973. Rockefeller was a member of the Republican Party and of the wealthy Rockefeller family. After graduating from Dartmouth College in 1930, Rockefeller worked at various businesses connected to his family. He served as assistant secretary of State for American Republic Affairs for Presidents Franklin D. Roosevelt and Harry S. Truman (1944–1945), and as Undersecretary of Health, Education and Welfare (HEW) under Dwight D. Eisenhower from 1953 to 1954. He was first elected governor of New York in 1958, and was re-elected in 1962, 1966, and 1970. As governor of New York, Rockefeller's achievements included the expansion of the State University of New York (SUNY), efforts to protect the environment, the construction of the Empire State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nelson Aldrich
Nelson Wilmarth Aldrich (/Help:IPA/English, ˈɑldɹɪt͡ʃ/; November 6, 1841 – April 16, 1915) was a prominent American politician and a leader of the Republican Party (United States), 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 tariffs in United States history, tariff and monetary policy in the first decade of the 20th century. Born at Burgess Farm in Foster, Rhode Island, Aldrich served in the Union Army during the American Civil W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
