Paul Warburg Banker
Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American banker and early advocate of the U.S. Federal Reserve System. Warburg was born in Hamburg, Germany, to the Warburg banking family. His parents were Moritz and Charlotte (Esther) Warburg. After graduating from the Realgymnasium in Hamburg in 1886, he entered the employ of Simon Hauer, a Hamburg importer and exporter, to learn the fundamentals of business practice. He similarly worked for Samuel Montague & Company, bankers, in London in 1889–90, the Banque Russe pour le Commerce Etranger in Paris in 1890–91. In 1891, Warburg entered the office of the family banking firm of M. M. Warburg & Co., which had been founded in 1798 by his great-grandfather. He interrupted work there to undertake a world tour during the winter of 1891–92. Warburg was admitted to a partnership in the family firm in 1895. On October 1, 1895, Warburg was married in New York City to Nina J. Loeb, daughter of Solomon Loeb, founder of the New York investment firm of Kuhn, Loeb & Co. The Warburgs were the parents of a son, James Paul Warburg, and a daughter, Bettina Warburg.
|Date of birth|
|August 10th, 1868|
|Germany,United States of America|
|Date of death|
|January 24th, 1932 at age of 63|
|Place of death|
|New York City, New York, United States of America|
1. Federal Reserve System
Official web page
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. Events such as the Great Depression in the 1930s were major factors leading to changes in the system. The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: Maximum employment, stable prices, and moderate long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and today, according to official Federal Reserve documentation, include conducting the nation's monetary policy, supervising and regulating banking institutions, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions.
2. Council on Foreign Relations
Official web page
The Council on Foreign Relations is an American nonprofit, nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs. The CFR is considered to be the nation's "most influential foreign-policy think tank". Its membership has included senior politicians, more than a dozen Secretaries of State, CIA directors, bankers, lawyers, professors, and senior media figures. The CFR regularly convenes meetings at which government officials, global business leaders and prominent members of the intelligence/foreign-policy community discuss major international issues. The council also publishes the bi-monthly journal Foreign Affairs, and runs a think tank called the David Rockefeller Studies Program, which influences foreign policy by making recommendations to the presidential administration and diplomatic community, testifying before Congress, interacting with the media, and authoring books, reports, articles, and op-eds on foreign policy issues. The CFR was founded in 1921 and is headquartered in New York City, with an additional office in Washington, D.C..
1.Essays on banking reform in the United States
1914. at New York City
2.The federal reserve system and the banks
1916. at New York City