Chair of the Federal Reserve William McChesney Martin, Jr.

Description: CHAIR OF THE FEDERAL RESERVE WILLIAM McCHESNEY MARTIN, JR AUTOGRAPH PHOTO 8 x 10 matt finish photo inscribed and signed to fellow board member M.S. Szymczak.In fine conditionWilliam McChesney Martin Jr. (December 17, 1906 – July 27, 1998) was an American business executive who served as the 9th chairman of the Federal Reserve from 1951 to 1970, making him the longest holder of that position. He was nominated to the post by President Harry S. Truman and reappointed by four of his successors. Martin, who once considered becoming a Presbyterian minister, was described by a Washington journalist as "the happy Puritan".Early life William McChesney Martin Jr. was born in St. Louis to William McChesney Martin Sr. and Rebecca Woods. Martin's connection to the Federal Reserve was forged through his family heritage. In 1913, Martin's father was summoned by President Woodrow Wilson and Senator Carter Glass to help write the Federal Reserve Act that would establish the Federal Reserve System on December 23 of that year. His father later served as a governor and then president of the Federal Reserve Bank of St. Louis. Martin graduated from Yale University, where his formal education was in English and Latin rather than finance. However, he still maintained an intense interest in business through his father. His first job after graduation was at the St. Louis brokerage firm of A. G. Edwards & Sons, where he became a full partner after only two years. From there, Martin's rapid rise in the financial world landed him in 1931 a seat on the New York Stock Exchange (NYSE), just two years after the Wall Street Crash of 1929 at the outset of the Great Depression. Martin pursued graduate study in Economics at Columbia University from 1931 to 1937; however, he did not receive a degree.[2] During the early part of that decade, Martin's work towards increasing regulation of the stock market led to his election to the NYSE's board of governors in 1935. There, he worked with the U.S. Securities and Exchange Commission (SEC) to reestablish confidence in the stock market and prevent future crashes. He eventually became president of the New York Stock Exchange at age 31, leading newspapers to label him the "boy wonder of Wall Street." Like his tenure as governor on the exchange, Martin's presidency focused on cooperating with the SEC to increase regulation of the exchange.During World War II he was drafted into the United States Army as a private and rose to the rank of colonel.[3] While in the service, he supervised the disposal of raw materials on the Munitions Allocation Board. He was also a liaison between the Army and Congress, as well as the supervisor of the lend-lease program with the Soviet Union. PLEASE DO NOT WASTE OUR TIME BY WINNING AN ITEM AND NOT PAYING FOR IT!! YOU WILL BE REPORTED TO EBAY AND BLOCKED FROM OUR AUCTIONS!!! ALSO WE WILL NOT ACCEPT ANY BIDS FROM 0 FEEDBACKS, THEY WILL BE CANCELLED! NO RESERVECELEBRATING 28 YEARS IN BUSINESS!!Terms of Sale: PLEASE READ!!1. Payment is due within 4 days of the close of this auction. We are set automatically on Unpaid Bidder Assistant.2. EBAY COLLECTS THE SALES TAX3. If you have any questions, please ask prior to bidding. 4. All items are guaranteed authentic. COAs issued upon request. (Only for signed items) You can buy with complete confidence.5. Buyer pays for shipping. (combine shipping for multiple items) PLEASE NOTE IF BIDDING OUTSIDE OF THE U.S. - WE ONLY SHIP THROUGH EBAY'S GLOBAL SHIPPING PROGRAM SO PLEASE READ AND UNDERSTAND THEIR TERMS AND CONDITIONS!!Thanks for looking and Good Luck bidding!The Inkwell Autograph Gallery

Price: 13.45 USD

Location: Eagleville, Pennsylvania

End Time: 2024-12-04T23:02:21.000Z

Shipping Cost: 6 USD