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Posts Tagged ‘Federal Reserve’

1914

The Federal Reserve System began its operations in 1914 with the activity of the Organization Committee, appointed by Woodrow Wilson, and composed of Secretary of the Treasury William McAdoo, who was his son-in-law, Secretary of Agriculture Houston and Comptroller of the Currency John Skelton Williams. […] The certification of incorporation of the Federal Reserve Bank of […]

1912

The psychologist Henry Goddard had introduced the Binet intelligence test to the US at the start of the century. This gave the eugenicists a way to quantify intelligence, and, more particularly, measure and define ‘idiots’, ‘imbeciles’ and ‘morons’. Goddard’s famous study of the inheritance of feeble-mindedness in the pseudonymous ‘Kallikak’ family was published in 1912. Senator LaFollette and Congressman Lindbergh spoke regularly […]

1909

England. Mystery airships seen almost exclusively at night, once again visited many parts of Britain. Mostly described as oblong in shape and equipped with a large searchlight, the craft was capable of propelling itself through the air at great speed. Persian Gulf. Objects described as rotating wheels, which could go under water were sighted and a Danish […]