Originally published in 1912 by Alfred Owen Crozier who wrote a book warning the American people about a banking scheme that the Republican party was attempting to push through Congress.
The “Aldrich plan” named after Rockefeller’s son-in-law Senator Nelson W. Aldrich, died when control of Congress changed that year. The Aldrich plan was later rebranded as the Federal Reserve Act the very next year, and passed while most of Congress was away on Christmas vacation in 1913. The Federal Reserve Act, which is now the law of the land, made some minor populist-minded adjustments to the original, like making the federal government a nominal partner in the new banking system to palliate the progressives, but in practice kept the banking oligarchy that hatched the whole scheme in power.
The cartoon illustrates the very real power the Federal Reserve exerts today.
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