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by Nelson Wilmarth Aldrich (Author)
The Aldrich Plan For Banking Legislation is a book written by Nelson Wilmarth Aldrich in 1911. It is a detailed proposal for a new banking system in the United States, which was designed to address the problems that arose during the Panic of 1907. The book outlines the plan's key features, including the creation of a central bank, the establishment of a national currency, and the regulation of the banking industry. Aldrich, who was a Republican senator from Rhode Island, was a prominent figure in the banking industry and had previously served as the chairman of the National Monetary Commission. The book was controversial at the time of its publication, with some critics arguing that it favored the interests of large banks over smaller ones. Despite this, the Aldrich Plan would ultimately serve as the basis for the Federal Reserve Act of 1913, which created the Federal Reserve System and established a central banking system in the United States. Today, the book is considered an important historical document that sheds light on the development of modern banking and financial regulation in the United States.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
