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Chairman of the Fed
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Chairman of the Fed: William McChesney Martin Jr., and the Creation of the Modern American Financial System

Robert P. Bremner


This is a biography of William McChesney Martin Jr. (1906–1998), the first paid president of the New York Stock Exchange (NYSE) and the chairman of the Federal Reserve System (Fed) under Presidents Harry S. Truman to Richard Nixon. The extent of Martin's influence on the course of American economic history was significant: arguably he has done more to strengthen and reform the nation's most important financial institutions than has any other individual. This book recounts Martin's life story, and explains his lasting impact on the NYSE and the Fed, both troubled institutions that he transforme ... More

Keywords: economic history, financial institutions, regulation, financial markets, financial system, william mcChesney martin, nyse, federal reserve system, harry s. truman, richard nixon

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780300105087
Published to Yale Scholarship Online: October 2013 DOI:10.12987/yale/9780300105087.001.0001


Affiliations are at time of print publication.

Robert P. Bremner, author