Nelson Aldrich

Aldrich Plan for Banking Reform Submitted: Secret Jekyll Island Meeting Proposes Wall Street-Controlled Central Bank

1911-01-16 00:00:00 +0000 UTC | Importance: 8/10

Senator Nelson Aldrich of Rhode Island, chairman of the National Monetary Commission, submitted his “Suggested Plan for Monetary Legislation” proposing creation of a National Reserve Association to reform the nation’s banking system. The plan emerged from a secret November 1910 …

Nelson Aldrich JP Morgan interests Paul Warburg Frank Vanderlip National Monetary Commission banking-consolidation progressive-era financial-capture jp-morgan federal-reserve

Payne-Aldrich Tariff Betrays Progressive Promises: Taft Praises "Best Tariff Bill," Splits Republican Party

1909-08-05 00:00:00 +0000 UTC | Importance: 8/10

President William Howard Taft signed the Payne-Aldrich Tariff Act and infamously praised it as “the best tariff bill the Republican party ever passed,” betraying his 1908 campaign promises for meaningful tariff reform and triggering a permanent split within the Republican Party. Taft had …

President William Howard Taft Nelson Aldrich Progressive Republicans Old Guard Republicans progressive-era tariff-policy republican-party corporate-power political-realignment