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:
“What is marriage but prostitution to one man instead of many?”
—Angela Carter (1940–1992)
“Heaven has a Sea of Glass on which angels go sliding every afternoon. There are many golden streets, but the principal thoroughfares are Amen Street and Hallelujah Avenue, which intersect in front of the Throne. These streets play tunes when walked on, and all shoes have songs in them.”
—For the State of Florida, U.S. public relief program (1935-1943)