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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 Pennsylva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Granville Township, Bradford County, Pennsylvania
Granville Township is a township in Bradford County, Pennsylvania, United States. It is part of Northeastern Pennsylvania. The population was 899 at the 2020 census. Children residing in the township are assigned to attend the Troy Area School District. Geography Granville Township is located in southwestern Bradford County, bordered by West Burlington Township to the north and east, Franklin Township to the east, Leroy Township to the south, Canton Township to the west and Troy Township to the west and north. Pennsylvania Route 514 runs the length of the township east to west, following the valley of the North Branch of Towanda Creek, and passing through the unincorporated community of Granville Center near the middle of the township. Granville Summit is located near the western border of the township. According to the United States Census Bureau, the township has a total area of , of which is land and , or 0.22%, is water. Demographics As of the census of 2000, there ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
64th United States Congress
The 64th United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, DC from March 4, 1915, to March 4, 1917, during the third and fourth years of Woodrow Wilson's presidency. The apportionment of seats in the House of Representatives was based on the Thirteenth Census of the United States in 1910. The Democrats maintained a majority in both chambers (albeit reduced in the House), and along with President Wilson also maintained an overall federal government trifecta. Major events *June 9, 1915: (Prelude to World War I):U.S. Secretary of State William Jennings Bryan resigned over a disagreement regarding the nation's handling of the RMS Lusitania sinking. *July 24, 1915: The steamer SS Eastland capsized in central Chicago, with the loss of 844 lives. *July 28, 1915: The United States occupation of Haiti began. *August 5–Augu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time Magazine
''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been published by Time USA, LLC, owned by Marc Benioff, who acquired it from Meredith Corporation. History ''Time'' has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden and Henry Luce. It was the first weekly news magazine in the United States. The two ... [...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 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 Senate for staggered 14-year terms.See 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 and Vice Chair of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting governors of the Federal Reserve Banks. The terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the presid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Hoover
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician who served as the 31st president of the United States from 1929 to 1933 and a member of the Republican Party, holding office during the onset of the Great Depression in the United States. A self-made man who became rich as a mining engineer, Hoover led the Commission for Relief in Belgium, served as the director of the U.S. Food Administration, and served as the U.S. Secretary of Commerce. Hoover was born to a Quaker family in West Branch, Iowa, but he grew up in Oregon. He was one of the first graduates of the new Stanford University in 1895. He took a position with a London-based mining company working in Australia and China. He rapidly became a wealthy mining engineer. In 1914 at the outbreak of World War I, he organized and headed the Commission for Relief in Belgium, an international relief organization that provided food to occupied Belgium. When the U.S. entered the war in 191 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bonus Army
The Bonus Army was a group of 43,000 demonstrators – 17,000 veterans of 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 Bonus Army was the immediate cash payment of their c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...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. The Panic of 1907 convinced many Americans of the need to establish a central banking system, which the country had lacked since the Bank War of the 1830s. After Democrats won unified control of Congress and the presidency in the 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 progressives like William Jennings Bryan, who favored government control over the central banking system. Wilson made the bill a top priority of his New Freedom domestic agenda, and he helped ensure that it passed both houses of Congress without major amendments. Later, President ... [...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 2nd Vice Chair of the Federal Reserve from 1916 to 1918. Prior to his term as vice chairman, Warburg appointed as a member of the Federal Reserve Board of Governors since 1914. He was an early advocate of the US central bank system. Early life Warburg was born in Hamburg, Germany, to the Warburg family, a 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 Montague & Company, bankers, in London in 1889–90, and the Banque Russe pour le Commerce Etranger in Paris in 1890–91.''Dictionary of American Biography'', Vol. XIX, p. 412–13. New York: Charles Scribner's Sons, 1936.''National Cyclopae ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Republic
''The New Republic'' is an American magazine of commentary on politics, contemporary culture, and the arts. 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". Through the 1980s and 1990s, the magazine incorporated elements of the Third Way and conservatism. In 2014, two years after Facebook co-founder Chris Hughes purchased the magazine, he ousted its editor and attempted to remake its format, operations, and partisan stances, provoking the resignation of the majority of its editors and writers. In early 2016, Hughes announced he was putting the magazine up for sale, indicating the need for "new vision and leadership". The magazine was sold in February 2016 to Win McCormack, under whom the publication has returned to a more progressive stance. A weekly or near-weekly for most of its history, the magazine currently pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louis T , names sometimes translated to English as "Louis"
{{disambiguation ...
Louis may refer to: * Louis (coin) * Louis (given name), origin and several individuals with this name * Louis (surname) * Louis (singer), Serbian singer * HMS ''Louis'', two ships of the Royal Navy See also Derived or associated terms * Lewis (other) * Louie (other) * Luis (other) * Louise (other) * Louisville (other) * Louis Cruise Lines * Louis dressing, for salad * Louis Quinze, design style 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-Israeli Olympic soccer player ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riegle-Neal Interstate Banking And Branching Efficiency Act Of 1994
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 BBEAamended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing ''state''-chartered banks. The goal was the return to a balance between the benefits of a state bank charter versus a federal bank charter. Among other notable changes, the Act stipulated that a federally chartered bank wishing to expand must first undergo a review of its Community Reinvestment Act compliance. Expansion of the Community Reinvestment Act Three sections of the IBBEA address and expand the Community Reinvestment Act The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, ''et seq.'') is a United States federal law designed to encourage commercial banks and savings associations to hel .... In section 107 ("EQUALIZING COMPETITIVE OPPORTUNITIES FOR UNITED STATES AND FOREIGN BANK ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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