Senator Edge introduces the Edge Act
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
Based on Lamont’s earlier disposition toward private assistance, Senator Walter Evans Edge introduced Senate Bill 2472 (which became the Edge Act of 1919), authorizing American corporations to deal in any foreign banking that met the approval of the Federal Reserve Board (which had been given permission to consider foreign banking under the Federal Reserve Act) and the secretary of the Treasury.
chapter: Chapter 3: The Late 1910s: Peace Treaties and Domestic Politics