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Fall Membership Meeting

The Secret Meeting at Jekyll Island and the Creation of the Federal Reserve

In November 1910, three bankers, two Congressmen, a professor, and a secretary met secretly at the Jekyll Island Club to reorganize America’s banking system. While many agreed that the American economy suffered from booms and busts, few agreed how to fix it. Led by U.S. Senator Nelson Aldrich, the group drew up plans for a central bank with branches across the country. The remedy put in place three years later – the Federal Reserve System – was rather different from the original conception, but owed much to Aldrich’s Jekyll Island plan. Its impact and effectiveness are still being debated.

On Thursday, November 14, at 6 p.m., historian Scott Reynolds Nelson will discuss the Jekyll Island meeting and the personalities and events that shaped the Federal Reserve Act. Dr. Nelson is Professor of History at the University of Georgia and the prizewinning author of five books on 19th century American history. His book, Steel Drivin’ Man, about the life and legend of John Henry, won four national awards, including the National Award for Arts Writing.  Business Week named his latest book, A Nation of Deadbeats:  An Uncommon History of America’s Financial Disasters as one of the best business books of 2012.  He is currently writing a book about the international Panic of 1873 as a turning point in history.  Earlier this year, he was awarded a prestigious Guggenheim Memorial Fellowship in support of his scholarly research.


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November 14
6:00 pm - 7:00 pm


A.W. Jones Heritage Center Event Hall
610 Beachview Dr
Saint Simons Island,GA31522United States