Fed Question

[ThisCharmingAzn]

I'm writing a two part research paper; first on the origins of the Fed, the motivation for creating it; second, if the Fed was successful in the decade after its creation.

Now I've found that there was a huge depression in 1920-1921, but it was short lived (because the government let the market dig itself out). Can anyone refer me to some sources of info that would elaborate on this crash? In particular, I'm looking for information involving inflation, the boom and then the bust. I am a physics major, and I know so little about money, so I'm looking for something I can understand. Thanks.

 

[Chester Copperpot]

Thomas wood's book "Meltdown"

 

[Dr.3D]

This might help a little.

Notice what happened to the dollar after the FED was created in 1913.

This chart shows the buying power of the dollar from 1913 through 2008.

 

[Zippyjuan]

Here is one article on the recession: http://findarticles.com/p/articles/mi_hb5814/is_n3_v29/ai_n28604039/