IDEAS home Printed from https://ideas.repec.org/a/fip/fedker/00006.html
   My bibliography  Save this article

Senator Robert Owen of Oklahoma and the Federal Reserve's formative years

Author

Listed:
  • Wilkerson, Chad R.

    (Federal Reserve Bank of Kansas City)

Abstract

U.S. Senator Robert Owen of Oklahoma played a key role in the formation of the Federal Reserve in the early twentieth century. He championed the creation of a quasi-public central bank with a decentralized structure. Author Chad Wilkerson explores how Senator Owen contributed to the Fed's early development and sought a Fed structure that would avoid placing too much control either in a centralized agency in Washington, D.C., or in a small number of Wall Street bankers. Owen generally praised the Fed's early performance but became a critic in the early 1920s, and again in the 1930s, when its deflationary policies were especially harmful to the agricultural economy of his home region.

Suggested Citation

  • Wilkerson, Chad R., 2013. "Senator Robert Owen of Oklahoma and the Federal Reserve's formative years," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 95-117.
  • Handle: RePEc:fip:fedker:00006
    as

    Download full text from publisher

    File URL: http://www.kansascityfed.org/publicat/econrev/pdf/13q3Wilkerson.pdf
    File Function: Full text
    Download Restriction: no

    References listed on IDEAS

    as
    1. repec:ucp:bkecon:9780226519999 is not listed on IDEAS
    2. Carlson, Mark, 2005. "Causes of bank suspensions in the panic of 1893," Explorations in Economic History, Elsevier, vol. 42(1), pages 56-80, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Owen; Robert; Federal Reserve - History;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedker:00006. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (LDayrit). General contact details of provider: http://edirc.repec.org/data/frbkcus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.