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The Pujo Committee was a congressional subcommittee which was formed between May 1912 and January 1913 to investigate the so-called "money trust", a small group of Wall Street bankers that exerted powerful control over the nation's finances. After a resolution introduced by congressman Charles Lindbergh Sr. for a probe on Wall St. power, Arsène Pujo of Louisiana obtained congressional authorization to form a subcommittee of the House Committee on Banking and Currency. J. P. Morgan, George F. Baker, and other financiers testified. Elaborate marble facade of NYSE as seen from the intersection of Broad and Wall Streets For other uses, see Wall Street (disambiguation). ...
Charles August Lindbergh, Sr. ...
(arsn´ pôlN´ püzh´) (KEY) , 1861â1939, U.S. congressman, b. ...
Meeting of the House Financial Services Committee The United States House Committee on Financial Services (or House Banking Committee) oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. ...
This article is about the financier. ...
Cover of Time Magazine (April 14, 1924) George Fisher Baker (1840 - 1931) was a U.S. financier and philanthropist. ...
After completing its investigation, lead by the Democrat lawyer Samuel Untermyer, who later also assisted in preparing the Federal Reserve Act, the committee issued a majority report that found that a cabal of financial leaders were abusing their public trust to consolidate control over many industries. Although Pujo left Congress in 1913, the findings of the committee inspired public support for ratification of the Sixteenth Amendment in 1913, passage of the Federal Reserve Act that same year, and passage of the Clayton Antitrust Act in 1914. They were also widely publicized in the Louis Brandeis book, Others People's Money--and How the Bankers Use It. Samuel Untermyer (March 6, 1858- March 16, 1940), also known as Samuel Untermeyer [1] was an American lawyer and civic leader as well as a self-made millionare. ...
The Federal Reserve Act (ch. ...
A cabal is a number of persons united in some close design, usually to promote their private views and interests in a church, state, or other community by intrigue. ...
Amendment XVI in the National Archives Amendment XVI (the Sixteenth Amendment) of the United States Constitution was ratified on February 3, 1913. ...
The Federal Reserve Act (ch. ...
In the United States, the Clayton Anti-trust Act of 1914 (codified as 15 U.S.C. §§ 12-27) was enacted to remedy deficiencies in antitrust law created under the Sherman Anti-trust Act(1890) that allowed corporations to dissolve labor unions. ...
Louis Dembitz Brandeis (November 13, 1856 â October 5, 1941) was an American litigator, Supreme Court Justice, advocate of privacy, and developer of the Brandeis Brief. ...
House of Morgan partners blamed the April 1913 death of J. P. Morgan on the stress of testifying in the Pujo hearings, though other health factors were certainly involved. 23 Wall Street or The Corner is an office building formerly owned by J.P. Morgan & Co. ...
References - Chernow, Ron. The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance, (2001) ISBN 0-8021-3829-2
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