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Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American investment banker who served as the second vice chairman of the Federal Reserve from 1916 to 1918. Prior to his term as vice chairman, Warburg served as one of the original members of the Federal Reserve Board, taking office in 1914.
Paul Warburg is most famous as an architect of the US Federal Reserve System, established in 1913. Paul was a member of the first Federal Reserve Board, and its Vice Chairman until his resignation in August 1918.
Paul Warburg was an advocate for a central bank in the United States and was chosen by President Woodrow Wilson to serve as one of the first members of the Federal Reserve Board.
Dec 4, 2015 · In November 1910, six men – Nelson Aldrich, A. Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg – met at the Jekyll Island Club, off the coast of Georgia, to write a plan to reform the nation’s banking system. The meeting and its purpose were closely guarded secrets, and participants did not admit that the ...
Paul M. Warburg was sworn in as a member of the first Federal Reserve Board on August 10, 1914. He was appointed vice chairman (called “vice governor” before 1935) on August 10, 1916. He resigned from the Board on August 9, 1918. Warburg was born in Hamburg, Germany, in 1868.
Nov 16, 2023 · Paul Warburg: Daddy Warbucks and the Federal Reserve. Paul Moritz Warburg was the inspiration for the Little Orphan Annie Daddy Warbucks character, [1] but he is perhaps best known for being one of the founders of the Federal Reserve.[2]
Paul Felix Warburg (October 6, 1904 – October 8, 1965) was a Jewish-American banker from New York.
Aug 16, 2023 · The name Paul Moritz Warburg is synonymous with the founding of the Federal Reserve System. Warburg’s impact on American banking is a parallel to his family’s impact on European banking. The epic story of the Warburg family of European bankers can be traced back to the early 1500s when Simon von Cassel settled in the German Westphalia town ...
The German-American banker and banking theorist Paul Moritz Warburg (1868-1932), as spokesman for the large bankers of America, favored a highly centralized banking system. In much modified form, this became the Federal Reserve System .
Mar 20, 2015 · Mr. Warburg’s death at this time of exceptional business depression, the “Times” says, recalls that in March 1929, when the United States was at the peak of its exuberant “prosperity ...
