Cooperation with this legislation by affected parties was secured by the influence of Benjamin Stron
Cooperation with this legislation by affected parties was secured by the influence of Benjamin Strong. This legislation was sponsored partly by Edward Vreeland, and the implementation of this law was largely the responsibility of William MacAdoo. The impetus for this legislation came partially from the investigations of the Pujo Committee, and this legislation was based on a framework initially proposed by Nelson (*) Aldrich. Sometimes known by the name of its two sponsors, Owen and Glass, this act was also motivated by a 1907 panic in which the government had to be bailed out by J.P. Morgan. For 10 points, identify this 1913 act, which created a board of governors to oversee a national central banking system.
Cooperation with this legislation by affected parties was secured by the influence of Benjamin Strong.
Federal Reserve Act [accept Owen-Glass Act with names in any order until it is mentioned]