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Benjamin Strong Jr. (December 22, 1872 – October 16, 1928) was an American banker. He served as Governor of the Federal Reserve Bank of New York for 14 years until his death. He exerted great influence over the policy and actions of the entire Federal Reserve System and indeed over the financial policies of all of the United States ...
- Position established
- George L. Harrison
- December 22, 1872, Fishkill, New York, U.S.
Learn about the life and legacy of Benjamin Strong Jr., the first president of the Federal Reserve Bank of New York from 1914 to 1928. He was a prominent figure in U.S. monetary and banking affairs, a World War I leader, and a promoter of international cooperation.
Benjamin Strong Jr. was elected governor of the New York Fed at the Bank's first board meeting on October 5, 1914, six weeks prior to the opening day. He was 41, and then president of Bankers Trust Co. of New York. During his 14 years in office, his knowledge of the banking history of the United States, coupled with his intense interest in ...
20. Okt. 2009 · Der Brite Montagu Norman etwa wollte das Pfund unbedingt zum alten, nunmehr viel zu hohen Umtauschkurs ans Gold koppeln. Der Amerikaner Benjamin Strong verstarb 1928, ein Jahr vor dem...
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Summary. Benjamin Strong, Jr made few speeches and did not appear in public to wax theoretically on the ways of economics and high finance. He was J. P. Morgan’s workhorse, and he built his reputation and his fortune on the back of the House of Morgan.
Learn how Benjamin Strong, a prominent New York banker and the first president of the Federal Reserve Bank of New York, influenced the Federal Reserve System and the international economic relations of the US and Europe. Discover his friendship with Montagu Norman, a future governor of the Bank of England, and how their collaboration shaped the Fed's role in the 1920s.
In Great Depression: Banking panics and monetary contraction. …the death in 1928 of Benjamin Strong, who had been the governor of the Federal Reserve Bank of New York since 1914, was a significant cause of this inaction. Strong had been a forceful leader who understood the ability of the central bank to limit panics.
