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Posts Tagged ‘World War I’

1918

President Wilson delivers his “Fourteen Points” speech on January 8th, naming 14 points to be used as a guide for a peace settlement. The speech will do much to undermine German morale during the final months of the war. William B. Thompson, who was in Petrograd from July until November last, has made a personal contribution […]

1917

In January the Grace Russian Company was formed, the joint owners being W. R. Grace & Co. and the San Galli Trading Company of Petrograd. American International Corporation had a substantial investment in the Grace Russian Company and through Holbrook an interlocking directorship. Leon Trotsky wrote in his autobiography, My Life, “My only profession in New York was that of a revolutionary socialist.” Yet […]

1915

The success of Francqui and Hoover at provisioning Germany during the First World War was noted in Nordeutsche Allgemeine Zeitung, March 13, 1915, which noted that large quantities of food were now arriving from Belgium by rail. Schmoller’s Yearbook for Legislation, Administration and Political Economy for 1916, shows that one billion pounds of meat, one and a […]

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 […]