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Louis Thomas McFadden
Louis Thomas McFadden (July 25, 1876 – October 1, 1936) was a Republican member of the United States House of Representatives from Pennsylvania, serving from 1915 to 1935. A banker by trade, he was the chief sponsor of the 1927 McFadden Act, which rechartered the Federal Reserve System in perpetuity, liberalized branch banking for national banks and increased competition between member and non-member banks. He is known for his antisemitic conspiracy theories, which eventually saw him lose his seat in the House of Representatives. Early life McFadden was born in Granville Center, Granville Township, Bradford County, Pennsylvania. He graduated from Warner's Commercial College (currently known as the Elmira Business Institute) in Elmira, New York. In 1892, he entered the employ of the First National Bank in Canton, Pennsylvania. In 1899, he was elected cashier; he became its president on January 11, 1916 and served until 1925. McFadden served as treasurer of the Pennsylv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bradford County, Pennsylvania
Bradford County is a County (United States), county in the Commonwealth (U.S. state), Commonwealth of Pennsylvania. As of the 2020 United States census, 2020 census, its population was 59,967. Its county seat is Towanda, Pennsylvania, Towanda. The county was created on February 21, 1810, from parts of Lycoming County, Pennsylvania, Lycoming and Luzerne County, Pennsylvania, Luzerne Counties. Originally called Ontario County, it was reorganized and separated from Lycoming County on October 13, 1812, and renamed Bradford County for William Bradford (1755-1795), William Bradford, who had been a chief justice of the Pennsylvania Supreme Court and United States Attorney General. The county is part of the Northeastern Pennsylvania, Northeast region of the commonwealth. Bradford County comprises the Sayre, Pennsylvania micropolitan statistical area. The county is not to be confused with the city of Bradford, Pennsylvania, Bradford, which is in McKean County, Pennsylvania, McKean Cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penn State University
The Pennsylvania State University (Penn State or PSU) is a Public university, public Commonwealth System of Higher Education, state-related Land-grant university, land-grant research university with campuses and facilities throughout Pennsylvania, United States. Founded in 1855 as Farmers' High School of Pennsylvania, Penn State was named the state's first land-grant university eight years later, in 1863. Its primary campus, known as Penn State University Park, is located in State College, Pennsylvania, State College and College Township, Pennsylvania, College Township. Penn State enrolls more than 89,000 students, of which more than 74,000 are undergraduates and more than 14,000 are postgraduates. In addition to its land-grant designation, the university is a National Sea Grant College Program, sea-grant, National Space Grant College and Fellowship Program, space-grant, and one of only six Sun Grant Association, sun-grant universities. It is Carnegie Classification of Instit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Governors Of The Federal Reserve
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve, Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the United States Senate, Senate for staggered 14-year terms.See It is headquartered in the Eccles Building on Constitution Avenue, N.W. in Washington, D.C. Statutory description By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country". As stipulated in the Banking Act of 1935, the Chair of the Federal Reserve, chair and Vice Chair of the Federal Reserve, vice chair of the Board are two of seven members of the Board of Governors who are appointed by the President of the United States, president fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Hoover
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was the 31st president of the United States, serving from 1929 to 1933. A wealthy mining engineer before his presidency, Hoover led the wartime Commission for Relief in Belgium and was the director of the U.S. Food Administration, followed by post-war relief of Europe. As a member of the Republican Party (United States), Republican Party, he served as the third United States secretary of commerce from 1921 to 1928 before being 1928 United States presidential election, elected president in 1928. His presidency was dominated by the Great Depression, and his policies and methods to combat it were seen as lackluster. Amid his unpopularity, he decisively lost reelection to Franklin D. Roosevelt in 1932 United States presidential election, 1932. Born to a Quaker family in West Branch, Iowa, Hoover grew up in Oregon. He was one of the first graduates of the new Stanford University in 1895. Hoover took a position with a Lond ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bonus Army
The Bonus Army was a group of 43,000 demonstration (protest), demonstrators—17,000 veterans of United States in World War I, U.S. involvement in World War I, their families, and affiliated groups—who gathered in Washington, D.C., in mid-1932 to demand early cash redemption of their service bonus certificates. Organizers called the demonstrators the Bonus Expeditionary Force (B.E.F.), to echo the name of World War I's American Expeditionary Forces, while the media referred to them as the "Bonus Army" or "Bonus Marchers". The demonstrators were led by Walter W. Waters, a former sergeant. Many of the war veterans had been out of work since the beginning of the Great Depression. The World War Adjusted Compensation Act of 1924 had awarded them bonuses in the form of certificates they could not redeem until 1945. Each certificate, issued to a qualified veteran soldier, bore a face value equal to the soldier's promised payment with compound interest. The principal demand of the Bon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Act
The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. After Democrats won unified control of Congress and the presidency in the 1912 United States elections, 1912 elections, President Wilson, Congressman Carter Glass, and Senator Robert Latham Owen crafted a central banking bill that occupied a middle ground between the Aldrich Plan, which called for private control of the central banking system, and Progressivism in the United States, progressives like William Jennings Bryan, who favored government control over the central banking system. Wilson made the bill a top priority of his The New Freedom, New Freedom domestic agenda, and he helped ensure that it passed both houses of Congress without major amendments. The Federal Reserve Act created the Federal Reserve System, consisting of twelve regional F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Warburg
Paul Moritz Warburg (August 10, 1868 – January 24, 1932) was a German-born American investment banker who served as the second vice chairman of the Federal Reserve from 1916 to 1918. Prior to his term as vice chairman, Warburg served as one of the original members of the Federal Reserve Board, taking office in 1914. He was an early advocate for the establishment of the US central bank system. Early life Warburg was born in Hamburg, Germany, to the Warburg family, a German Jewish banking dynasty with origins in Venice. His parents were Moritz and Charlotte Esther (Oppenheim) Warburg. After graduating from the Realgymnasium in Hamburg in 1886, he entered the employ of Simon Hauer, a Hamburg importer and exporter, to learn the fundamentals of business practice. He similarly worked for Samuel Montagu & Co., bankers, in London in 1889–1890, and the Banque Russe pour le Commerce Etranger in Paris in 1890–1891.''Dictionary of American Biography'', Vol. XIX, p. 412–13. Ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Republic
''The New Republic'' (often abbreviated as ''TNR'') is an American magazine focused on domestic politics, news, culture, and the arts from a left-wing perspective. It publishes ten print magazines a year and a daily online platform. ''The New York Times'' described the magazine as partially founded in Teddy Roosevelt's living room and known for its "intellectual rigor and left-leaning political views." History 1914–1974: Early years Founded in 1914 by several leaders of the progressive movement, it attempted to find a balance between "a liberalism centered in humanitarian and moral passion and one based in an ethos of scientific analysis". ''The New Republic'' was founded by Herbert Croly, Walter Lippmann, and Walter Weyl. They gained the financial backing of heiress Dorothy Payne Whitney and of her husband, Willard Straight, who eventually became the majority owner. The magazine's first issue was published on November 7, 1914. The magazine's politics were libe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louis T
Louis may refer to: People * Louis (given name), origin and several individuals with this name * Louis (surname) * Louis (singer), Serbian singer Other uses * Louis (coin), a French coin * HMS ''Louis'', two ships of the Royal Navy See also * Derived terms * King Louis (other) * Saint Louis (other) * Louis Cruise Lines * Louis dressing, for salad * Louis Quinze, design style Associated terms * Lewis (other) * Louie (other) * Luis (other) * Louise (other) * Louisville (other) Associated names * * Chlodwig, the origin of the name Ludwig, which is translated to English as "Louis" * Ladislav and László - names sometimes erroneously associated with "Louis" * Ludovic, Ludwig, Ludwick, Ludwik Ludwik () is a Polish given name. Notable people with the name include: * Ludwik Czyżewski, Polish WWII general * Ludwik Fleck (1896–1961), Polish medical doctor and biologist * Ludwik Gintel (1899–1973), Polish- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
71st United States Congress
The 71st United States Congress was a meeting of the legislature of the United States federal government, consisting of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from March 4, 1929, to March 4, 1931, during the first two years of Herbert Hoover's presidency. The apportionment of seats in the House of Representatives was based on the 1910 United States census. Both the House and Senate remained under Republican control, with increased majorities in each chamber. And with Herbert Hoover being sworn in as president on March 4, 1929, the Republicans maintained an overall federal government trifecta. The 71st Congress also featured the most special elections of any Congress with 27 in all. Major events * March 4, 1929: Herbert C. Hoover became President of the United States * October 24, 1929 – October 29, 1929: Wall Street Crash of 1929: Three multi-digit percentage drops wipe out more than $30 billion from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
