Aldrich Plan

E649325

The Aldrich Plan was an early 20th-century proposal for a centralized U.S. banking system that served as a key precursor to the creation of the Federal Reserve System.

All labels observed (1)

Label Occurrences
Aldrich Plan canonical 2

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf banking reform proposal ⓘ
monetary reform plan ⓘ
aimedTo create a centralized U.S. banking system ⓘ
appliesToJurisdiction United States federal government ⓘ
country United States ⓘ
criticizedFor insufficient public control ⓘ
perceived domination by private bankers ⓘ
describedIn reports of the National Monetary Commission ⓘ
draftedBy National Monetary Commission ⓘ
field banking regulation ⓘ
monetary policy ⓘ
followedBy Federal Reserve Act ⓘ
genre economic policy proposal ⓘ
hasEffectOn design of U.S. central banking framework ⓘ
hasPart proposal for a National Reserve Association ⓘ
historicalSignificance key precursor to the creation of the Federal Reserve System ⓘ
inception 1910 ⓘ
early 20th century ⓘ
influenced Federal Reserve Act of 1913 ⓘ
influencedAspectOf regional structure of the Federal Reserve System ⓘ
role of a central reserve institution in the U.S. ⓘ
influencedBy European central banking models ⓘ
legislativeBodyConsideredBy United States Congress ⓘ
legislativeOutcome not enacted as originally proposed ⓘ
locationOfDrafting Jekyll Island, Georgia ⓘ
linked to: Jekyll Island
mainSubject banking system reform ⓘ
central banking ⓘ
motivation address weaknesses revealed by the Panic of 1907 ⓘ
prevent future financial panics ⓘ
namedAfter Nelson W. Aldrich ⓘ
opposedBy Democratic Party leaders ⓘ
Progressive reformers ⓘ
precursorOf Federal Reserve System ⓘ
proposedBy Nelson W. Aldrich ⓘ
proposedFunction act as lender of last resort ⓘ
hold bank reserves ⓘ
provide an elastic currency ⓘ
rediscount commercial paper ⓘ
proposedOrganization National Reserve Association ⓘ
proposedStructure centralized reserve association with regional branches ⓘ
relatedToEvent Panic of 1907 ⓘ
supportedBy Wall Street financial interests ⓘ
large commercial banks ⓘ
timePeriod Progressive Era ⓘ
topic currency reform ⓘ
financial stability ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.