7 Key Figures That Founded The Federal Reserve System 1910

The secret meeting hosted by Senator Nelson Aldrich at the Jekyll Island Club in November 1910 included six key men who gathered to draft a blueprint for a U.S. central banking system (which later laid the foundation for the Federal Reserve). The attendees were:

1. Nelson W. Aldrich – Republican Senator from Rhode Island and Chairman of the National Monetary Commission.

2. A. Piatt Andrew – Assistant Secretary of the Treasury and former Harvard economics professor.

3. Henry P. Davison – Senior partner at J.P. Morgan & Co.

4. Charles D. Norton – President of the First National Bank of New York (associated with the Morgan interests).

5. A. Arthur Shelton – Secretary to the National Monetary Commission.

6. Frank A. Vanderlip – Vice President of the National City Bank of New York (representing Rockefeller interests).

7. Paul M. Warburg – Partner at Kuhn, Loeb & Co. and a leading expert on European central banking systems.

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