Alfred Owen CROZIER - U.S. Money vs. Corporation Currency, "Aldrich plan."

You can listen here for free U.S. Money vs. Corporation Currency, "Aldrich plan.". Genre: Business & Economics, . You can also listen to the full version (full text) online without registration and SMS on the site Audiobook-mp3.com or read the summary, preface (abstract), description and read reviews (comments) about the work.
Audiobook U.S. Money vs. Corporation Currency, "Aldrich plan."
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Alfred Owen CROZIER - U.S. Money vs. Corporation Currency, "Aldrich plan." book summary

U.S. Money vs. Corporation Currency, "Aldrich plan." - description and summary of the book. , listen for free online at the digital library site Audiobook-mp3.com
In 1908, the National Monetary Commission was established by Congress to study financial boom-and-bust cycles. Senator Nelson Aldrich (Republican-RI) was chair of the commission. He, in secret enclave with a group of bankers, drafted what was called The Aldrich Plan, which provided for a central "bank" that would hold funds individual banks could borrow in the case of a bank run, print currency, and act as the fiscal agent of the US government. However, the plan gave little power to the government and seemed to give almost absolute control of the country's currency to Wall Street financiers. This 1912 book outlines the dangers and supposed duplicity of The Aldrich Plan while it was being debated in Congress. (The plan was eventually defeated, but was used as a basis for the Federal Reserve Act, which was signed into law in 1913.) - Summary by TriciaG

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