Roy A. Young
American businessman · United States · On the map · Academics · Lived 1882 to 1960 · aged 78
Roy Archibald Young was an American banker who served as the 4th chairman of the Federal Reserve from 1927 to 1930. During his tenure as chairman, the Wall Street crash of 1929 occurred, which signaled the beginning of the Great Depression.
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![Total money supply contracted -10.28% in October 1929 to try to squeeze out speculation in the Stock market and make sure there was enough gold reserves in exchange for dollars[7]](https://upload.wikimedia.org/wikipedia/commons/thumb/d/da/Great_Depression_money_supply_contraction.webp/1280px-Great_Depression_money_supply_contraction.webp.png?utm_source=en.wikipedia.org&utm_campaign=parser&utm_content=thumbnail)
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Before and after his term at the Federal Reserve Board, Young also served as the president of the Federal Reserve Bank of Minneapolis from 1919 to 1927 and the Federal Reserve Bank of Boston from 1930 to 1942.
