To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.

From Wikipedia, the free encyclopedia

Roy Young
Roy A. Young 2.jpg
4th Chair of the Federal Reserve
In office
October 4, 1927 – August 31, 1930
PresidentCalvin Coolidge
Herbert Hoover
DeputyEdmund Platt
Preceded byDaniel Crissinger
Succeeded byEugene Meyer
Member of the Federal Reserve Board of Governors
In office
October 4, 1927 – August 31, 1930
PresidentCalvin Coolidge
Herbert Hoover
Preceded byDaniel Crissinger
Succeeded byMenc Szymczak
4th President of the Federal Reserve Bank of Boston
In office
September 1, 1930 – March 31, 1942
Preceded byWilliam P. G. Harding
Succeeded byWilliam Paddock
President of the Federal Reserve Bank of Minneapolis
In office
October 1, 1919 – September 26, 1927
Preceded byTheodore Wold
Succeeded byW. B. Geery
Personal details
Roy Archibald Young

(1882-05-17)May 17, 1882
Marquette, Michigan, U.S.
DiedDecember 31, 1960(1960-12-31) (aged 78)
Chestnut Hill, Massachusetts, U.S.
Political partyRepublican
Spouse(s)Amy Goodrich Bosson

Roy Archibald Young (May 17, 1882 – December 31, 1960) was an American banker. Most significantly, he was chairman of the Federal Reserve Board between 1927 and 1930 during the presidencies of Calvin Coolidge and Herbert Hoover. During his tenure as chairman of the Federal Reserve Board, the Stock Market Crash of 1929 occurred and the United States went into an economic depression. He also was president of the Federal Reserve Banks in Minneapolis (1919-1927) and Boston (1930-1942).[1]


Roy A. Young was born on May 17, 1882 to James Wilson Young a miller and millwright from Ontario, Canada and Julia Healy an Irish immigrant in Marquette, Michigan.[2]

Young was a messenger for a bank at the age of eight. He then worked as assistant cashier and joined the Citizens National Bank as vice president in 1913.[3] From 1919 to 1927 he was president of the Federal Reserve Bank of Minneapolis before becoming chairman of the Federal Reserve Board.[4] From 1930 to 1942 he served as president of the Federal Reserve Bank of Boston. After his resignation, he changed to become chairman of the Merchants National Bank and later chairman of American Woolen Company.[5]

During his term in office as chairman of the Federal Reserve Board there was confrontation between the Federal Reserve Board and the Federal Reserve Bank of New York under George L. Harrison of how to curb speculation that led inter alia to the stock market boom of the late 1920s. The Board was in favor of putting "direct pressure" on the lending member banks while the Federal Reserve Bank of New York wanted to raise the discount rate. The Board under Young disapproved this step, however Young himself was not fully convinced that the policy of using pressure would work and refused to sign the 1929 Annual Report of the Board because it contained parts favorable to this policy.[6]

He died on December 31, 1960 in Chestnut Hill, Massachusetts.[1]


  1. ^ a b "Roy A. Young Dead. A Banker In Boston". New York Times. January 2, 1961.
  2. ^
  3. ^ "Roy Archibald Young". The National Currency Foundation. Retrieved June 16, 2015.
  4. ^ "Federal Reserve Has A New Chief. Roy A. Young, Appointed to This High Post, Is a Practical Banker Who Knows the Agricultural Northwest Thoroughly". New York Times. October 2, 1927.
  5. ^ Federal Reserve Bank of Boston Presidents
  6. ^ Friedman, Milton; Anna Schwartz (1963). A monetary history of the United States, 1867 - 1960. Princeton: Princeton University Press. pp. 254–266. ISBN 0-691-00354-8.

Further reading

External links

Government offices
Preceded by
Daniel Crissinger
Chair of the Federal Reserve
Succeeded by
Eugene Meyer
This page was last edited on 12 May 2020, at 19:35
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.