Organization
National Monetary Commission
Eighteen-member commission created by Congress in 1908 to study the banking and currency system.
- Dates
- 1908–1912
- Active 1908–1912
- chaired by Nelson Aldrich 1908–1912
Connections 5
chaired by
- Nelson Aldrich 1908–1912 Scholarship & press 1
people who worked here
- A. Piatt Andrew adviser Scholarship & press 2
- Henry P. Davison adviser Scholarship & press 2
followed from
- Aldrich-Vreeland Act Scholarship & press 1
authored
-
Aldrich plan
Jan 1912
Scholarship & press
2
The Commission sent its report, with legislative text, to Congress on 8 January 1912.
Timeline 3 dates
- 1908–1912 National Monetary Commission
- 1908–1912 Nelson Aldrich chair of National Monetary Commission
- Jan 1912 National Monetary Commission authored Aldrich plan
Proof 2 sources
-
Federal Reserve Act Signed into Law, Federal Reserve History (staff of the Federal Reserve Bank of Kansas City), 22 Nov 2013.
Scholarship & press
created the eighteen-member National Monetary Commission, chaired by Sen. Nelson Aldrich
The legislation provided for the issuance of emergency currency and created the eighteen-member National Monetary Commission, chaired by Sen. Nelson Aldrich
-
The Meeting at Jekyll Island, Federal Reserve History (Federal Reserve Banks and Board of Governors), 4 Dec 2015.
Scholarship & press
Aldrich quickly hired several advisers to the commission, including Henry Davison, a partner at J.P. Morgan, and A. Piatt Andrew, an economics professor at Harvard University.
A final report, along with legislative text, went to Congress a year later with a few minor changes, including naming the new institution the National Reserve Association.
Letter from Secretary of the National Monetary Commission, Transmitting, Pursuant to Law, the Report of the Commission. Washington: Government Printing Office, January 8, 1912.
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