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The First Shock Wave
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acceptance Administration Aldrich amendment American amount announced assets authority bank credit bank reserves bankers Banking and Currency banking system became began bill Board of Governors borrowing capital Carter Glass cash cent central bank certificates chairman clearing house collateral commercial banks commercial paper Committee conference Congress Corporation debt declared Democratic discount rate dollar Eccles economic effect emergency Europe Federal Reserve Act Federal Reserve banks Federal Reserve Board Federal Reserve System financing fiscal foreign funds government bonds government securities Harriman Ibid increase influence investment J. P. Morgan Keynes legislation loans Meantime member banks ment million Morgan national bank National Monetary Commission note issue open market panic Paul Warburg political President proposed purchase railroad railway rediscount reduce reported reserve city banks reserve requirements Roosevelt Secretary Senator stock market Stuyvesant Fish theory tion trade Treasury United Wall Street Warburg Washington York