Minnesota congressman Charles Lindbergh, Sr. coined the name for this cabal, which was investigated by the Pujo (“POO-joe”) Committee shortly after Samuel Untermyer’s speech asking “is there” this group. For 10 points each:
[10h] Name this group of bankers that controlled the vast majority of credit in the United States in the years before World War I.
ANSWER: the “money trust”
[10e] The Pujo Committee hearings into the money trust were the last public appearance for this banker, who personally stabilized the American banking system during the Panic of 1907.
ANSWER: J. P. Morgan [or James Pierpont Morgan]
[10m] The power of the “money trust” was challenged by the Federal Reserve’s creation in a bill written by this Virginia representative and Robert Owen. He also was chief sponsor of a bill passed on the recommendations of the Pecora Commission.
ANSWER: Carter Glass [accept Glass-Owen Bill; accept Glass–Steagall Act]
<RR, American History>