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Benjamin Strong, the Federal Reserve, and the Limits to Interwar American Nationalism: Part I: Intellectual Profile of a Central Banker

By: Roberts, Priscilla | Economic Quarterly - Federal Reserve Bank of Richmond, Spring 2000 | Article details

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Benjamin Strong, the Federal Reserve, and the Limits to Interwar American Nationalism: Part I: Intellectual Profile of a Central Banker


Roberts, Priscilla, Economic Quarterly - Federal Reserve Bank of Richmond


Part I: Intellectual Profile of a Central Banker

This essay on Benjamin Strong, the first governor of the Federal Reserve Bank of New York (1914-1928), evolved from the author's research on the development of an American internationalist tradition during and largely in consequence of the First World War. Viewing Strong's activities in the broader context of the world view and diplomatic preferences of the educated East Coast establishment, a foreign policy elite to which Strong belonged and most of whose norms he accepted, greatly illuminates his broader motivations and the interwar relationship between finance and overall international diplomacy. Strong's work for international …

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