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U.S. Money vs. Corporation Currency, "Aldrich plan."

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By: (1863-1939)

In "U.S. Money vs. Corporation Currency, "Aldrich plan." Alfred Owen Crozier delves into the history of the American banking system and the power struggles between the government's control over currency and the influence of private corporations. Crozier's analysis is incredibly thorough and meticulously researched, providing readers with a comprehensive understanding of the complexities surrounding the issue of money and banking in the United States.

What sets this book apart is Crozier's ability to break down complex economic concepts into easily digestible information, making it accessible to readers from all backgrounds. The author's passionate advocacy for government-controlled currency is evident throughout the book, and his arguments against the Aldrich Plan are compelling and well-supported.

Overall, "U.S. Money vs. Corporation Currency, "Aldrich plan." is a thought-provoking read that challenges readers to question the current state of the American banking system and consider the potential implications of corporate influence over currency. Crozier's insightful analysis and compelling argumentation make this book a must-read for anyone interested in understanding the intricate relationship between money, government, and private corporations.

Book Description:
In 1908, the National Monetary Commission was established by Congress to study financial boom-and-bust cycles. Senator Nelson Aldrich was chair of the commission. He, in secret enclave with a group of bankers, drafted what was called The Aldrich Plan, which provided for a central "bank" that would hold funds individual banks could borrow in the case of a bank run, print currency, and act as the fiscal agent of the US government. However, the plan gave little power to the government and seemed to give almost absolute control of the country's currency to Wall Street financiers. This 1912 book outlines the dangers and supposed duplicity of The Aldrich Plan while it was being debated in Congress. - Summary by TriciaG


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