Talk:History of the Federal Reserve System

Merge Proposal with History of central banking in the United States

I'm confused by the merge proposal. Did you mean to ask if "History of the Federal Reserve" could be redirected here? --EGeek (talk) 03:59, 17 March 2008 (UTC)

• Hey man -- no, it seems as though the two pages carry similar, or even repetitive, content that bares consolidating, but I wanted to get your feedback first. I suppose a good question would be, for what reasons should this page remain separate? --AntiPartisanship (talk) 08:22 a.m., 17 March 2008 (EST)

True, but this was discussed when this material was proposed to be split from the Federal Reserve System article. It was decided that the history of the Federal Reserve needed its own article instead of combining it with the history of central banking. It might be more valuable to merge material into this article than merge it into more general articles. For example, the format of the central banking article is much easier to look at than the current state of the Federal Reserve article. --EGeek (talk) 19:30, 17 March 2008 (UTC)

Good point. Maybe we should move this discussion over there. On the same subject, I think it might be worth changing the URL of the other article, because it's pretty misleading. That article's topic is considerably broader. --AntiPartisanship (talk) 04:17 p.m., 17 March 2008 (EST)

Archive

Where's the archives for this discussion page?Nunamiut (talk) 23:14, 2 October 2008 (UTC)

Executive Order 11110

There should maybe be a brief mention of Executive Order 11110, which links the Federal Reserve to Kennedy assassination theories. 67.68.65.192 (talk) 00:17, 17 February 2009 (UTC)

Dubious quote from Wilson

I just deleted that endlessly-repeated-never-verified "most unhappy man" quote from Wilson. Here is the relevant part of the discussion at Wikiquote about this:

The quote is mostly words Wilson actually wrote, with the first two sentences of it apparently being incorrect and the rest taken from Wilson's The New Freedom. Below is what one can actually derive from connecting together two passages from The New Freedom:

A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.

All of the above is from Woodrow Wilson's The New Freedom: A Call for the Emancipation of the Generous Energies of a People (New York and Garden City: Doubleday, Page & Company, 1913).[8] In this same work, Wilson also wrote the below:

Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.

This is called "braiding quotes", I believe. Except for the "unhappy man" part, which appears to be sheer fabrication. See Gutenberg Project for "[8]" above.[1] See also the Google Books entry. The above quote, on p.18, is a general comment on monopoly power and lack of corporate accountability, not a statement from Wilson about the Federal Reserve. In fact, Wilson's New Freedom book, from which this quote was braided and embellished, apparently doesn't even mention the Federal Reserve. Yakushima (talk) 11:47, 20 February 2009 (UTC)

Editor Yakushima is correct. The re-insertion of this so-called "quotation" is a chronic problem in Wikipedia articles related to the Federal Reserve System. Famspear (talk) 14:15, 20 February 2009 (UTC)

Gap in the Account

I'm not quite clear how this article comes to jump straight from the formation of the Fed to the 1950s. There's obviously a lot of controversy over the role of the Fed in the inter-War period. If that is all dealt with somewhere else, this article might want to signal that rather prominently?Nandt1 (talk) 23:33, 15 December 2010 (UTC)

I agree. It's utterly baffling that there's nothing about the Banking Act of 1935, which gave us the Board of Governors structure. Cool Hand Luke 18:34, 2 April 2011 (UTC)

Objective?

Despite meeting in secret, from both the public and the government

It was not a secret to the folks on Jekyll Island. Some of the politicians names appeared in the local newspaper.Randy Golden (talk) 15:54, 21 November 2012 (UTC)

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