Glass-Steagall Act Severs National City from Morgan Dominance
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
When the National City Bank and Chase backed the Glass-Steagall Act in 1933, they also severed themselves from the old Morgan “inner group” mentality, which had prevailed for the first third of the century.
chapter: Chapter 8: The Early to Mid-1940s: World War II, Bankers, and War Bucks