Exploring the History of the Federal Reserve: Essential Books and Resources

The Federal Reserve System, commonly known as the Federal Reserve or the ‘Fed,’ plays a crucial role in shaping the economy of the United States. Understanding its history and the events it has influenced can provide valuable insights into the economic landscape of the nation. This article explores some of the best books and resources available on the subject, tailored to enhance your knowledge of the Federal Reserve's journey and impact.

Books on the History of the Federal Reserve

The history of the Federal Reserve is rich with complex economic events and influential figures. Several books offer comprehensive overviews of the Fed's historical development, its roles in significant economic events, and the ongoing debates surrounding its power and influence. Here are some of the most highly recommended reads:

Secrets of the Federal Reserve

'Secrets of the Federal Reserve' is a compelling and detailed exploration of the Federal Reserve's inner workings and its impact on the U.S. economy. You can access this book online at www.jrbooksonline/SecretsOfFedReserve. This book was once nearly impossible to find in print, making this online version a valuable resource.

The Creature from Jekyll Island

'The Creature from Jekyll Island' is an insightful and controversial take on the origin and operations of the Federal Reserve. It offers a unique perspective on the Fed’s role and influence. For more resources and additions of this book, visit

A Monetary History of the United States 1867–1960

Milton Friedman and Anna Schwartz's 'A Monetary History of the United States 1867–1960' is a seminal work. This book covers a vast array of monetary policies and their impacts, making it an essential read for understanding the Federal Reserve's role in the Great Depression. For more information, visit _Monetary_History_of_the_United_States.

After the Music Stopped

Alan Blinder's 'After the Music Stopped' provides a clear and concise account of the 2008 financial crisis. It explains the actions of the Federal Reserve and other key players involved and offers a balanced view of the arguments for and against each action. The book is well-documented and accessible to a wide audience. You can find additional information and resources at

Historical Overviews by Allan Meltzer

Allen Meltzer's 'History of the Federal Reserve' is considered a definitive work on the subject. Volumes 1 and 2 provide a thorough and detailed history of the Fed, from its establishment to the present day. These volumes are widely regarded as the best available resources on the Federal Reserve's history. For more details, visit

Further Reading and Resources

For a deeper understanding of the Federal Reserve and its influence on the economy, consider exploring these additional articles and resources:

100 Years Ago: Why Bankers Created the Fed by Christopher Westley Articles on Economic Events and the Federal Reserve Publications from Federal Reserve Research Center

By delving into these books and resources, you can gain a deeper appreciation of the Federal Reserve's complex and dynamic role in the economy.