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:
“It is now time to stop and to ask ourselves the question which my last commanding officer, Admiral Hyman Rickover, asked me and every other young naval officer who serves or has served in an atomic submarine. For our Nation M for all of us M that question is, “Why not the best?””
—Jimmy Carter (James Earl Carter, Jr.)
“We are little airy creatures,
All of different voice and features:
One of us in glass is set,
One of us you’ll find in jet,
T’other you may see in tin,
And the fourth a box within;
If the fifth you should pursue,
It can never fly from you.”
—Jonathan Swift (1667–1745)