The Creature From Jekyll Island GA

The Creature From Jekyll Island GA

1916, Three years after signing the Federal Reserve Act into law, President Woodrow Wilson observes: “I am a most unhappy man. I have unwittingly ruined my country."

In November 1910, six men – Nelson Aldrich, A. Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg – met at the Jekyll Island Club, off the coast of Georgia, to write a plan to reform the nation’s banking system. The meeting and its purpose were closely guarded secrets, and participants did not admit that the meeting occurred until the 1930s. But the plan written on Jekyll Island laid a foundation for what would eventually be the Federal Reserve System.