Motivations for a Federal Reserve
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Motivations for a Federal Reserve Matt Shuman Tuesday 12-3, April 15 th
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Motivations for a Federal Reserve. Matt Shuman Tuesday 12-3, April 15 th. Monopoly. Initially “The Landlord’s Game” Conceived in 1906 Showcases negative aspects of concentrating property into monopolies. http://en.wikipedia.org/wiki/Monopoly_(game). www.halloffamememorabilia.com. - PowerPoint PPT Presentation
Transcript of Motivations for a Federal Reserve
Motivations for a Federal Reserve
Matt ShumanTuesday 12-3, April 15th
Monopoly
• Initially “The Landlord’s Game”• Conceived in 1906• Showcases negative aspects
of concentrating property into monopolies
www.halloffamememorabilia.comhttp://en.wikipedia.org/wiki/Monopoly_(game)
1907 Panic
• Easter in Bend• Carnegie• J.P. Morgan• Rockefeller
• Elisha and the bears
• 1907 Crash -24.4%• DotCom Crash -27.7%• Housing Crash -50%
DJI 14000 -> 7000www.theodorerooseveltcenter.org published May 8th, 1907
Matt
http://en.wikipedia.org/wiki/Panic_of_1907
Matt
https://www.google.com/finance
Matt
https://www.google.com/finance
Federal Reserve
• Founded in 1913• Independent of Congress• Board members span
administrations
• Provides stability!
http://en.wikipedia.org http://en.wikipedia.org/wiki
