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To fully understand the Federal Reserve and its role today we need to examine its origins and the men who founded it. Using extensive archival sources, Richard Naclerio investigates the highly secretive events that surrounded the Fed's creation and the bankers, financiers and tycoons that shaped both its organization and the role it was to play over the next century. The motivations of this handful of men who created the first draft of the Federal Reserve Act are explored, and the business ties and shared ideologies that bound them together revealed. A story of vested interest and the pursuit…mehr
To fully understand the Federal Reserve and its role today we need to examine its origins and the men who founded it. Using extensive archival sources, Richard Naclerio investigates the highly secretive events that surrounded the Fed's creation and the bankers, financiers and tycoons that shaped both its organization and the role it was to play over the next century. The motivations of this handful of men who created the first draft of the Federal Reserve Act are explored, and the business ties and shared ideologies that bound them together revealed. A story of vested interest and the pursuit of power, the book sheds new light on the creation of one of the world's most important financial institutions.
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Autorenporträt
Richard A. Naclerio has worked extensively in business operations and real estate investment in New York City and Denver, Colorado. He continues to manage his own real estate companies and stock portfolios. Although he enjoyed some financial success, personal fulfilment eluded him. So in 2010, at the age of 40, he decided to pursue his passion for history. Still lacking a college diploma, he received his BA and Masters from Iona College, graduating first in his class at the age of 43. He taught business communications and English at Monroe College in the Bronx, New York and worked for three years at Sacred Heart University in Fairfield, Connecticut as an adjunct history instructor and academic advisor. Awarded a fellowship to the history doctoral program of the Graduate Center at City University of New York, he is now, at 48, a third-year PhD candidate. He is also a graduate teaching fellow at Lehman College. He is married with four children and lives in Westchester County, NY. This is his first book.
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