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Aldrich–Vreeland Act

Bill passed into law May 1908. Created a scheme for preventing banking liquidity crises (such as the Crisis of 1907); also created a commission for massive banking reform. The Aldrich-Vreeland Commission deliberated for three years before sending their plan to Congress.

In 1912, Republicans lost control of Congress and the White House. The Aldrich-Vreeland was modified by Sen. Carter Glass (D-VA), then submitted it to Congress and passed December 1913. This created the Federal Reserve System.

Sen. Glass argued that the Federal Reserve Act of 1913 was totally different from the plan developed by the Republicans. Anna Schwartz and Milton Friedman, in *A Monetary History of the United States, 1867-1960* (1963) explained it was pretty much the same. In any event, the Aldrich-Vreeland Act was one of the most important pieces of legislation ever passed in response to an economic crisis.

MARC: Wow! Glenn Beck says that Woodrow Wilson was actually a crypto-communist.

BILL: Sorry, that's silly.

MARC: Well, didn't he create the Federal Reserve Bank? That's socialistic, isn't it.

BILL: Uh, it was designed during the Administration of William Howard Taft, Marc. Ever heard of the Aldrich–Vreeland Act?

MARC: President Taft? I had no idea he was a Communist too!

by Abu Yahya April 5, 2010

12👍 2👎


aldrich x siana

the perfect couple, they enjoy having long bdsm sessions and they love it when they talk dirty.

aldrich x siana is the perfect sgip

by fdsfdsfsdfsdfsdfsdfsd March 1, 2022

1👍 3👎


Aldrich Ian

Very strong in codm and warzone he is so very handsome and many bebe

Aldrich Ian is very handsome

by GartBo August 18, 2021


Aldrich Ian

Aldrich Ian is strong in Warzone and codm he is very handsome and cute madami din bebe

Aldrich Ian handsome

by GartBo August 17, 2021


jasmine marie Aldrich

a sassy girl that has fashon and smells like flowers. She is not very nice if you get in her face. she is strong and belives in true love. She loves gymnastics and she dances.

Jasmine marie Aldrich is a gymnastics kind of girl.

by the sassy girl July 7, 2015

1👍 1👎


aldrich killian

Aldrich Killian is an Iron Man villain, while he originated in the Iron Man comics as a suicidal pharmacist he was reinvented and popularized by the 2013 film Iron Man 3 as the hot-headed, once crippled rival to Tony Stark.

Person: Did you see Aldrich Killian in the movies?

by twisteria January 3, 2016


Aldrich

Badass Electrician

That dude must be an Aldrich

by Ed the electrician February 3, 2022