Contact Mary Suiter

Posted: 12/19/2006
Fed resource: A Christmas Present for the President
Short description: Develop a timeline on the creation of the Federal Reserve System
Lesson time: 60 minutes
Materials: Copies of the publication
Audience: High School, College (Undergrad)
Grades: 9, 10, 11, 12, 12+
Subjects: Federal Reserve
Concepts: Federal Reserve - History of the Federal Reserve
Documents: None
Divide your students into groups. Instruct each group to focus on one section of the booklet. More than one group would be working on each section.

Winter 1912—p. 3
Spring and Summer 1913—p. 9
Autumn and Winter 1913—p. 20

Each group should develop a timeline of events for its section. The groups can then share/post their timelines to create a complete timeline of events leading to the establishment of the Federal Reserve System.

A sample timeline for Winter 1912 might include:

1876—Jones Commission
1897—Indianapolis Currency Convention
1908—National Monetary Commission
1910—Columbia University Conference
1912—Pujo committee
January 1912—Aldrich Plan
December 1912—Carter Glass and Parker Willis meet with Woodrow Wilson

A sample timeline for Spring and Summer 1913 might include:

January —Glass subcommittee hearings
January 30—Review of draft bill
June 30 —Bankers meet with President Wilson
August 6—Bill clears majority side Banking Committee
September 2—Bill first submitted to the full Banking Committee
September 18—House ratifies the bill

A sample timeline for Autumn and Winter 1913

October 20—Senator O’Gorman issued statement to the New York World
November 10 —Senator Hitchcock reports in the Senate that the Banking Committee is in hopeless deadlock.
November 22—Senator Own brings the Glass bill to the floor
November 27—Senate’s Democratic “conference” voted to make the bill a party measure
December 17—Senate consented to make December 19 the last day of debate
December 19—Hitchcock substitute bill for the Glass bill rejected by Senate
December 19—Glass bill passed
December 22—President Wilson signs the bill

Submitted by: Mary Suiter
Federal Reserve Bank of St. Louis