Marriner Eccles: A Mormon New Dealer
The financial crash of 2008 made historians and economists draw immediate comparisons to the Great Depression. A year after the crash, the reasons and complexities of why the crash occurred were easy to find. Documentaries, books, and an endless amount of media delved into the Great Recession. However, while there were tons of problems on “why” the crash occurred, there were very few books and analysis that explained how to fix the problems. Lately, historians and economists have gone back into the archives and libraries to find ways that America overcame the devastation of the 1930’s. One person keeps coming up in this search—Marriner Eccles, the American Federal Reserve Chairman from 1934 to 1948. The ideas that created the most peaceful and stable American economy from 1945-1980 were directly influenced by the philosophy and knowledge of Utah’s greatest public servant.
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