Nelson W. Aldrich

Examples of Nelson W. Aldrich in the following topics:

• The Federal Reserve Act

  • President Wilson secured passage of the Federal Reserve Act in late 1913, as an attempt to carve out a middle ground between conservative Republicans, led by Senator Nelson W.
  • Aldrich, and the powerful left wing of the Democratic party, led by William Jennings Bryan over the banking issue.
  • Instead, Democrats advocated for a government-owned central bank that could print paper money as Congress required, a measure that Aldrich and the Republicans vigorously opposed.
  • The compromise, based on the Aldrich Plan but sponsored by Democratic congressmen Carter Glass and Robert Owen, allowed the private banks to control twelve regional Federal Reserve Banks and placed controlling interest in a central board to be appointed by the president with Senate approval.

• The Wilson Administration

  • To create the Federal Reserve System, Wilson had to negotiate a compromise between conservative Republicans (led by Senator Nelson W.
  • Aldrich), and the powerful left wing of the Democratic Party (led by Secretary of State William Jennings Bryan).

• Wilsonian Progressivism

  • On September 9, 1913, Oscar W.
  • President Wilson secured passage of the Federal Reserve Act in late 1913, as an attempt to carve out a middle ground between conservative Republicans, led by Senator Nelson W.
  • Aldrich, and the powerful left wing of the Democratic party, led by William Jennings Bryan over the banking issue.
  • Instead, Democrats advocated for a government-owned central bank that could print paper money as Congress required, a measure that Aldrich and the Republicans vigorously opposed.
  • The compromise, based on the Aldrich Plan but sponsored by Democratic congressmen Carter Glass and Robert Owen, allowed the private banks to control 12 regional Federal Reserve Banks and placed controlling interest in a central board to be appointed by the president with Senate approval.

• Tariff Reform

  • In 1908, Republicans promised to lower unpopular tariffs on U.S. imports, but the Payne-Aldrich Tariff Act further divided Republicans.
  • However, Congress accepted an alternative bill, proposed by Nelson Aldrich, which lowered the tariff on only a few imported items and increased it on many other products.
  • In the end, Congress adopted the Payne-Aldrich Tariff Act, which lowered 650 tariffs, raised 220 tariffs, and left 1,150 tariffs untouched.
  • Although the Payne-Aldrich Tariff Act did very little to affect the current status of tariffs, it angered many Democrats, Progressives, and Progressive Republicans because it did not solve the tariff issue.
  • Roosevelt in particular criticized Taft over the Payne-Aldrich Tariff Act, and led a faction of Progressive Republicans away from Taft's conservative Republicans.

• The Tariff

  • Additionally, it lowered basic tariff rates from 40% to 25%, well below the Payne-Aldrich Tariff Act of 1909.
  • On September 9, 1913, Oscar W.

• National Security Agency Surveillance

  • The George W.
  • Supreme Court, but has occurred at least once, in the case of Aldrich Ames.

• The Expansion of Presidential Powers

  • Nelson believes presidents over the past thirty years have worked towards "undivided presidential control of the executive branch and its agencies. " She criticizes proponents of the unitary executive for expanding "the many existing uncheckable executive powers – such as executive orders, decrees, memorandums, proclamations, national security directives and legislative signing statements – that already allow presidents to enact a good deal of foreign and domestic policy without aid, interference or consent from Congress."
  • The caption given by the White House is: President George W.

• The Vice Presidency

  • W.
  • Gerald Ford was the first vice president selected by this method, after the resignation of Vice President Spiro Agnew in 1973; after succeeding to the Presidency, Ford nominated Nelson Rockefeller as vice president.

• The Muckrakers

  • The other magazines associated with muckraking journalism were American Magazine (Lincoln Steffens), Arena (G.W.
  • "The Treason of the Senate: Aldrich, the Head of it All", by David Graham Phillips, published as a series of articles in Cosmopolitan magazine in February, 1906, described corruption in the U.S.