Tag Archives: J. P. Morgan

The title of my documentary refers to the signing of the Federal Reserve Act by President Woodrow Wilson in 1913. He used four gold pens to sign the document as reported by the New York Times. My documentary consists of real footage and recreated scenes accompanied with great music like the song “Money Makes the World go Round” from the movie Cabaret and “Money” by Pink Floyd. It covers relevant economic history beginning with the Panic of 1907 and ending with the establishment of the FDIC Act in 1933.

The image above shows J. P. Morgan (middle) and his daughter arriving in Washington DC. for the Pujo Hearings. The purpose of the hearings was to investigate the “Money Trust” or the connections between Wall Street bankers who had and still have powerful control over the Nation’s finances. Scenes from the hearings play an important part in my documentary since they show a strong opposition against the financial elite at that time. The hearings took place from May 1912 to January 1913.