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Listen audiobook » Business & Economics » U.S. Money vs. Corporation Currency, "Aldrich plan." - Alfred Owen CROZIER

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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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PrefaceChapter 1 - Central Money TrustChapter 2 part i - The Aldrich PlanChapter 2 part ii - The Aldrich Plan continued.Chapter 2 part iii - The Aldrich Plan continued.Chapter 3 - Fooling the PeopleChapter 4 - A DiscoveryChapter 5 - Inflation and ContractionChapter 6 - Frenzied FinancingChapter 7 - Confessions of Wall StreetChapter 8 - Wall Street's First ''Plan''Chapter 9 - A Confidence GameChapter 10 - A Central Bank to be Bought?Chapter 11 - Wall Street Stock ''Market''Chapter 12 - Panics Natural or Artificial?Chapter 13 - Money is the PowerChapter 14 - The Slavery of DebtChapter 15 part i - The National Banking SystemChapter 15 part ii - The National Banking System continuedChapter 16 - Bank Graft and CrimeChapter 17 - Crime of ConspiracyChapter 18 - Bank Credits vs Government CurrencyChapter 19 - The Legal Tender ''Joker''Chapter 20 - Reorganising the Money SupplyChapter 21 - United States Monetary CouncilChapter 22 - The OctopusAppendix - Correspondence part iAppendix - Correspondence part iiAppendix - Press Notices of ''The Magnet''
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U.S. Money vs. Corporation Currency, "Aldrich plan." - Alfred Owen CROZIER - Alfred Owen CROZIER

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