Marriner eccles biography of georgetown

Marriner Eccles (), a Republican Mormon, rose to great power in Franklin Delano Roosevelt's administration as the head of the Federal Reserve.

The US might have been better served if Eccles and his nemesis Henry Morgenthau, the Treasury Secretary from , had swapped roles, says Nelson.

The US might have been better served if Eccles and his nemesis Henry Morgenthau, the Treasury Secretary from , had swapped roles, says Nelson.

Marriner S. Eccles Professor of Public and Private Management (Emeritus),.

From the Collection: The Harry L. Hopkins Papers, the personal archives of the man who was FDR's most trusted advisor, consist of 26 linear feet (

His law degree, obtained in , is from Georgetown Uni versity in Washington.

Transfer Scholars travel to Washington D.C. to visit companies such as Marriott and Freddie Mac to learn about the companies and possible careers.

The banker from Utah helped ease the Great Depression by urging a change in how the government used money to control the economy.

Although he never attended college, Eccles ideas about the economy anticipated those of the famed economist John Maynard Keynes.

Eccles argued for deficit spending during the Depression and pushed for a balanced budget during World War II.

Unlikely Beginnings

Marriner Eccles's father, David, as an illiterate teenager, emigrated from Scotland to America in the s.

Settling in Utah, he made a fortune, starting with the ownership of a sawmill and continuing on the road to riches by owning or investing in railroads, coal mines, sugar production, construction, and banks.

David Marriner was a Mormon.

He had two wives, who produced 21 children. Marriner was the eldest son of the second wi