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:
“Every time I think that I am getting old, and gradually going to the grave, something else happens.”
—Lillian Carter (1898–1983)
“It is difficult to read. The page is dark.
Yet he knows what it is that he expects.
The page is blank or a frame without a glass
Or a glass that is empty when he looks.”
—Wallace Stevens (1879–1955)