U.S. Money vs. Corporation Currency, "Aldrich plan."

Alfred Owen CROZIER (1863 - 1939)

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

Genre(s): Business & Economics

Language: English

Section Chapter Reader Time
Play 00 Preface MacKenzie Nikol Greenwood
00:03:01
Play 01 Chapter 1 - Central Money Trust MacKenzie Nikol Greenwood
00:28:26
Play 02 Chapter 2 part i - The Aldrich Plan MacKenzie Nikol Greenwood
00:45:30
Play 03 Chapter 2 part ii - The Aldrich Plan continued. TriciaG
00:45:25
Play 04 Chapter 2 part iii - The Aldrich Plan continued. TriciaG
00:38:14
Play 05 Chapter 3 - Fooling the People Cori Samuel
00:22:02
Play 06 Chapter 4 - A Discovery Lucretia B.
00:48:32
Play 07 Chapter 5 - Inflation and Contraction Kevin Leung
00:41:09
Play 08 Chapter 6 - Frenzied Financing Kevin Leung
00:15:27
Play 09 Chapter 7 - Confessions of Wall Street TriciaG
00:47:26
Play 10 Chapter 8 - Wall Street's First ''Plan'' TriciaG
00:44:28
Play 11 Chapter 9 - A Confidence Game Chris Pyle
00:39:36
Play 12 Chapter 10 - A Central Bank to be Bought? Joseph Tabler
00:11:01
Play 13 Chapter 11 - Wall Street Stock ''Market'' ke126
00:39:52
Play 14 Chapter 12 - Panics Natural or Artificial? ke126
00:19:38
Play 15 Chapter 13 - Money is the Power ke126
00:40:40
Play 16 Chapter 14 - The Slavery of Debt TriciaG
00:48:28
Play 17 Chapter 15 part i - The National Banking System TriciaG
00:57:38
Play 18 Chapter 15 part ii - The National Banking System continued TriciaG
01:00:17
Play 19 Chapter 16 - Bank Graft and Crime TriciaG
00:27:21
Play 20 Chapter 17 - Crime of Conspiracy Chris Pyle
00:26:06
Play 21 Chapter 18 - Bank Credits vs Government Currency Melanie D. Young
00:18:33
Play 22 Chapter 19 - The Legal Tender ''Joker'' TriciaG
00:38:17
Play 23 Chapter 20 - Reorganising the Money Supply ke126
00:21:27
Play 24 Chapter 21 - United States Monetary Council ke126
00:22:05
Play 25 Chapter 22 - The Octopus Brian James
00:34:27
Play 26 Appendix - Correspondence part i Elsie Selwyn
00:36:21
Play 27 Appendix - Correspondence part ii Elsie Selwyn
00:33:21
Play 28 Appendix - Press Notices of ''The Magnet'' Elsie Selwyn
00:29:38