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:
“A book is simply the container of an idea—like a bottle; what is inside the book is what matters.”
—Angela Carter (1940–1992)
“The highway presents an interesting study of American roadside advertising. There are signs that turn like windmills; startling signs that resemble crashed airplanes; signs with glass lettering which blaze forth at night when automobile headlight beams strike them; flashing neon signs; signs painted with professional touch; signs crudely lettered and misspelled.... They extol the virtues of ice creams, shoe creams, cold creams;...”
—For the State of Florida, U.S. public relief program (1935-1943)