Search Results
Journal Article
Beginnings
Journal Article
The formative years
Speech
Some observations and lessons from the crisis
Remarks at the Third Annual Connecticut Bank and Trust Company Economic Outlook Breakfast, Hartford, Connecticut.
Journal Article
The Aldrich plan
Journal Article
Final rule amending the rules regarding delegation of authority
Journal Article
About Robert Latham Owen
Journal Article
New Federal Reserve legislation and current credit situation
Working Paper
Theodore Roosevelt, the Election of 1912, and the Founding of the Federal Reserve
This paper examines how the election of 1912 changed the makeup of Congress and led to the Federal Reserve Act. The decision of Theodore Roosevelt and other Progressives to run as third-party candidates split the Republican Party and enabled Democrats to capture the White House and Congress. We show that the election produced a less polarized Congress and that new members were more likely to support the Act. Absent the Republican split, Republicans would likely have held the White House and Congress, and enactment of legislation to establish a central bank would have been unlikely or ...