Richard Naclerio on "The Federal Reserve and Its Founders"

 

The US Federal Reserve has been with us for just over 100 years. Founded in response to a major economic panic, it has played a key role in the world economy ever since, including the recent global economic downturn. The Fed's structure is unique among central banking systems. Many people think it is a government agency, that it was created by politicians for the benefit of the US economy and that it is regulated by the US government. None of these assumptions are true. To fully understand the Federal Reserve and its role today, we need to examine its origins and the men that founded it.

 

In The Federal Reserve and Its Founders, author Richard Naclerio uses extensive archival sources to investigate the highly secretive events that surrounded the Fed's creation and the bankers, financiers and economists that played a fundamental part in shaping both its organization and the role it would play over the next century.

 

About the Author 

Richard A. Naclerio has worked extensively in business operations and real estate investment in New York City and Denver, Colorado. He continues to manage his own real estate companies and stock portfolios. In 2010, at the age of 40, he decided to pursue his passion for history. He received his BA and Masters from Iona College, graduating first in his class at the age of 43. He taught business communications and English at Monroe College and worked for three years at Sacred Heart University as an adjunct history instructor and academic advisor. Awarded a fellowship to the history doctoral program of the Graduate Center at City University of New York, he is now a third-year PhD candidate. He is also a graduate teaching fellow at Lehman College.

 

Talk followed by Q&A and book signing. General admission $5; MoAF members, students and press FREE. 

*Please note: The Museum gallery remains closed. MoAF staff members will be on hand at the entrance to 48 Wall Street to direct attendees to the 5th floor event space.