Financial writer Roger Lowenstein shares the tumultuous and surprising tale of the birth of the Federal Reserve Bank in 1913. “America’s Bank: The Epic Struggle to Create Federal Reserve” is a story of Washington and Wall Street with many echoes today, showing how one person with an idea can change a nation. When Paul Warburg, a member of the Warburg banking dynasty, arrived in America from Germany in 1902, he discovered a financial system so primitive that he declared it had yet to move beyond “the time of Hammurabi.” Refined and reserved, he became an unlikely public advocate for change, garnering support for the idea of a central bank from power brokers in Congress and from President Woodrow Wilson. Lowenstein is the bestselling author of “When Genius Failed” and “The End of Wall Street”. He will be interviewed onstage by Kevin Steinberg, president of Purpose and former chief operating officer of the World Economic Forum’s U.S. affiliate.
Event Location: C-Space
290 Congress St., Boston, MA, 02210