What Was the Aldrich Plan?

Nelson W. Aldrich was a U.S. senator who chaired the National Monetary Commission that spent years collecting material about monetary systems. He met with others at Jekyll Island to draft a  plan that the commission approved and released in a report in January 1912. This was the Aldrich Plan. It called for a National Reserve Association, which was a banking cartel (called a trust in the cartoon). Aldrich had a daughter, Abby Greene Aldrich, who had married John D. Rockefeller, Jr. in 1901, and Aldrich was known as a Rockefeller man in the Senate. Aldrich also had a son Winthrop … Continue reading What Was the Aldrich Plan?