1. Dec 23, 2013The thought of a bunch of rich bankers in New York controlling a powerful central bank did not inspire confidence. Still, Aldrich realized he needed bankers' help to draw up a plan for a central bank.
  2. federalreservehistory.org

    In November 1910, six men - Nelson Aldrich, A. Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg - met at the Jekyll Island Club, off the coast of Georgia, to write a plan to reform the nation's banking system. The meeting and its purpose were closely guarded secrets, and participants did not admit that the meeting occurred until the 1930s.
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  4. en.wikipedia.org

    Some Founding Fathers were strongly opposed to the formation of a national banking system. Russell Lee Norburn said the fundamental cause of the American Revolutionary War was conservative Bank of England policies failing to supply the colonies with money. [1]Others were strongly in favor of a national bank. Robert Morris, as Superintendent of Finance, helped to open the Bank of North America ...
  5. minneapolisfed.org

    A New Nation | The First Bank of the United States | The Second Bank of the United States | "Free" Banks | National Banks| Laying the Groundwork | The Federal Reserve: 1913-present. Prelude. Nearly every country around the world, and certainly every developed industrial nation, has a central bank. Most serve one or more of the following functions: acting as a bank for bankers, issuing a common ...
  6. federalreservehistory.org

    The then-secret meeting was organized by financiers and bankers who recognized the nation's need for a central bank and wanted to begin the process. Because they did not think the public would welcome a plan crafted in part by bankers, they made extraordinary efforts to keep the meeting secret, using only first names and telling others they ...
  7. But just consider that name: central bank. Throughout American history, both of those words — "central" and "bank" — had been deeply unpopular. The thought of a bunch of rich bankers in New York controlling a powerful central bank did not inspire confidence. Still, Aldrich realized he needed bankers' help to draw up a plan for a central ...
  8. Dec 2, 2021The story includes a 70-year-old man with a bad head cold and a bunch of mistresses, a nation that's deeply ambivalent about a central bank, and a secret meeting on an island with a sketchy name.
  9. Nov 11, 2015A 70-year-old man with a bad cold and many mistresses, a nation that's ambivalent about a central bank, and a secret meeting on an island. Today on the show: The origin story of the Federal Reserve.
  10. modernhistoryproject.org

    The Jekyll Island plan was a central bank plan, and in this country there was a long tradition of struggle against inflicting a central bank on the American people. ... when Aldrich and four financial experts wanted a place to meet in secret to reform the country's banking system, they faked a hunting trip to Jekyll [Island] and for 10 days ...
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  1. History of central banking in the United States

    This history of central banking in the United States encompasses various bank regulations, from early wildcat banking practices through the present Federal Reserve System. Wikipedia

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