Museum of American Finance: The Fed at 100

5 10 2013

The Museum of American Finance recently opened “The Fed at 100,” an exhibition commemorating the  centennial anniversary of the Federal Reserve System, featuring the Federal Reserve  Bank of New York. The exhibition will illuminate the complex workings of the US central bank, which was established 1914.

The exhibition will include a unique visitor experience  designed to provide a firsthand view of the Fed’s inner workings and position within the  federal government. Visitors will be invited to enter and explore the offices of four  people who play critical roles in designing policy and overseeing the central bank: the Chairman of the Board of Governors; a Reserve Bank president; a research assistant;  and the Chairman of the Senate Banking, Housing, and Urban Affairs Committee.
The exhibition will include an audio tour of 100 objects representing different facets of  the Fed. 
Renowned economic historians Dr. Richard Sylla and Dr. Eugene White have served as  content advisors for this exhibition.

Major support has been provided by The Adirondack Trust Company, the Chinese Museum of Finance, the Friedman Family  Foundation, Macy’s, the National Endowment for the Humanities and Tishman Speyer  Properties, LP. “The Fed at 100” will be on view through October 1, 2014.

The Museum of American Finance, an affiliate of the Smithsonian Institution, is the  nation’s only public museum dedicated to preserving, exhibiting and teaching about  American finance and financial history. It is located at 48 Wall Street.

Museum of American Finance Exhibit on Barings Bank

12 12 2012

The Museum of American Finance in New York has partnered with ING Baring to create an exhibit on the role of Barings Bank in the development of the United States. The exhibit opens today.

In the nineteenth century, the United States was a massive net importer of capital. A small number of banks, of included Barings, played a crucial role in converting the savings of wealthy Europeans  into the projects needed to exploit the natural resources of the North American continent.  Barings played a major role in the economic and political development of the United States. Among other things, it lent Thomas Jefferson the money needed for the Louisiana Purchase. It also played a significant role in the development of the North American railway network in the nineteenth century. In the 1890s, it channelled capital in a young company called AT&T. (The Baring Brothers were also the financial fathers of Canadian Confederation). I could go on, but I don’t need to since the MOAF and the Baring Archive have created such a fantastic online resource about the topic. Their website includes images of primary sources, explanatory text, and even a fun online game designed to teach young people about this topic. The game is called dividendandconquer.

You can also visit the Museum in person at 48 Wall Street.