GeniuSxBoY
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Nelson Wilmarth Aldrich (November 6, 1841 – April 16, 1915) was a prominent American politician and a leader of the Republican Party in the Senate, where he served from 1881 to 1911.
Because of his impact on national politics and central position on the pivotal Senate Finance Committee, he was referred to by the press and public alike as the "General Manager of the Nation", dominating all tariff and monetary policies in the first decade of the 20th century. In a career that spanned three decades,
Aldrich helped to create an extensive system of tariffs that protected American factories and farms from foreign competition, while driving the price of consumer goods artificially high—which hurt many workers and farmers.
He was a party to the re-structuring of the American financial system through the institution of the federal income tax amendment, which he originally opposed, and the Federal Reserve System.[/b] He stated that he believed these reforms would lead to greater efficiency. Aldrich became wealthy with investments in street railroads, sugar, rubber and banking.
His son Richard Steere Aldrich became a U.S. Representative, and his daughter, Abby, married John D. Rockefeller, Jr., the only son of John D. Rockefeller. Her son and his grandson Nelson Aldrich Rockefeller, served as Vice President of the United States under Gerald Ford.
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Did you know legislation for the corporation know as the Federal Reverse was introduced twice.
It was called the Federal Reserve Act by the Democrats, and it was called the Aldrich Plan by the Republicans. For the fat cats, it didn't matter which one won, it was the same thing with two different names.
Because the Democrats won in 1912, they got to name the system "The Federal Reserve". If the Republicans won in 1912, we would have had "Aldrich" on all of our money.
[Edited on August 12, 2012 at 3:03 AM. Reason : .]  8/12/2012 3:02:00 AM
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