Carter Glass (January 4, 1858 – May 28, 1946) was a newspaper publisher and politician from Lynchburg, Virginia. He served many years in Congress as a member of the Democratic Party. As House co-sponsor, he played a central role in the development of the 1913 Glass-Owen Act that created the Federal Reserve System. Glass subsequently served as the U.S. Secretary of the Treasury under President Woodrow Wilson. Later elected to the Senate, he became widely known as co-sponsor of the Glass–Steagall Act of 1933, which enforced the separation of investment banking and commercial banking, and established the Federal Deposit Insurance Corporation (FDIC).
Read more about Carter Glass: Youth, Education, Early Career, Early Politics, Congress, Secretary of The Treasury, Family, Decline, Death, Additional Reading
Famous quotes containing the words carter and/or glass:
“One alone in a Chinese square
confronted tanks, while others fled.
He stood for freedom for us all,
but few care now if he’s jailed or dead.”
—Jimmy Carter (James Earl Carter, Jr.)
“the loose fragrant cavendish
and the shag,
And the bright Virginia
loose under the bright glass cases,”
—Ezra Pound (1885–1972)