Marriner Stoddard Eccles
- Born:
- September 9, 1890, Logan, Utah, USA
- Died:
- December 18, 1977, Salt Lake City, Utah, USA
- Nationality:
- American
- Profession(s):
- Banker, Businessman, Economist, Government Official
Early Life and Education
- Born into a prominent Mormon family in Utah.
- Father, David Eccles, was a successful businessman and industrialist.
- Educated at Brigham Young College (now Brigham Young University).
- Began his business career at a young age after his father's death.
Career and Major Achievements
- Successfully managed and expanded the Eccles family's business interests, including banking and real estate.
- Instrumental in the formation of First Security Corporation, a large banking holding company in the Intermountain West.
- Appointed as Assistant to the Secretary of the Treasury by President Franklin D. Roosevelt in 1934.
- Served as Governor of the Federal Reserve Board from 1934 to 1948.
- Served as Chairman of the Federal Reserve Board from 1936 to 1948.
- Advocated for Keynesian economic policies to combat the Great Depression.
- Played a key role in shaping the Banking Act of 1935, which reorganized the Federal Reserve System.
- His work and economic philosophy are often referenced in discussions regarding "marriner eccles biography samples" for understanding his approach to financial regulation.
Notable Works
- Beckoning Frontiers: Public and Personal Recollections (1951) - Autobiography
Legacy and Impact
Marriner S. Eccles is remembered as a key architect of the modern Federal Reserve System and a proponent of using government intervention to stabilize the economy during times of crisis. His contributions to economic policy during the Great Depression continue to be debated and analyzed by economists and historians.