Although the women of the United States are confined within the narrow circle of domestic life, and their situation is, in some respects, one of extreme dependence, I have nowhere seen woman occupying a loftier position; and if I were asked... in which I have spoken of so many important things done by Americans, to what the singular prosperity and growing strength of that people ought mainly to be attributed, I should reply, To the superiority of their women.

--Alexis de Tocqueville, Democracy in America

Tuesday, July 20, 2010

I Guess I'm Not the Only One Who Used Mapping

I can't seem to get an embed, so here is the link to the original JP Morgan map as found in the Pujo Committee hearings. This committee was set up to investigate the money trust in 1912. You see, people had noticed that the free enterprise wasn't so free anymore. With the monopolists hogging many of the markets using corporation law and more shady maneuvers, the public demanded an investigation. Ironically this led to the passage of the Federal Reserve Act, which unknown to most people at the time was drafted by the very people that they thought the Reserve would rein in. Anyway, the Pujo Committee grilled JP Morgan pretty hard, and his family claimed that was what caused the heart attack that killed him. The Pujo Committee records are available on my roll under X-files.
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2 comments:

  1. Maggie ThorntonJuly 20, 2010 at 9:38 PM

    Very interesting. I didn't know this. I've read a lot about the formation of the Fed Reserve, but haven't read this!

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  2. republicanmotherJuly 21, 2010 at 5:29 AM

    I have only skimmed through it -as it's a lot of info. Learned a lot about coffee by starting at the beginning.

    I will be putting up a video in the next day or two about central banking that really does connect the dots on the financial history of the US. It's 3 1/2 hours long, but I'm enjoying it very much.

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