ILI-D "Strategist" γ Gamma

Paul Warburg

Banker · German-American · 19th–20th c.

German-American banker (1868–1932). Moving from the Hamburg banking family to the United States, he was the primary architect of the Federal Reserve System (1913) following the Jekyll Island conference of 1910. Without the Fed, the repeated financial panics of the 19th century might have continued indefinitely. His warning about the dangers of financial instability proved prescient in the 1929 crash he did not live to fully witness.