Chapter

The Money Trust (1890–1920)

Charles R. Geisst

in Wall Street

Published in print September 1999 | ISBN: 9780195130867
Published online November 2003 | e-ISBN: 9780199871155 | DOI: http://dx.doi.org/10.1093/0195130863.003.0006
 The Money Trust (1890–1920)

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The money trust and the development of the Federal Reserve. The central role of Wall Street power brokers in the country and the increasing sophistication of the exchanges. The Pecora hearings in Congress, revealing the inner workings of the money trust, the death of Pierpont Morgan, World War I financing, Liberty Bonds, and the role of bankers again as central figures in the power structure of the country.

Keywords: Anglo‐French loan; British investments; Congress; exchanges; Federal Reserve; First World War; Liberty bonds; Louis Brandeis; money trust; Pecora hearings

Chapter.  12617 words.  Illustrated.

Subjects: Economic History

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