A Titanic story about the Federal Reserve Bank




Jekyll Island is located off the coast of the U.S. state of Georgia, where in 1910 some of America’s most influential bankers gathered for a secret meeting to plan the country’s monetary policy and establish a central banking system, which resulted in the draft legislation for what eventually became the creation of of the Federal Reserve act.

American financier and banker JP Morgan funded and built the Titanic, and was booked on its maiden voyage in 1912, but cancelled at the last minute, unlike the most wealthy and influential opponents to the creation of the Federal Reserve Act, American millionaires who did not owe their fortunes to banking. The Federal Reserve act was passed by Congress the following year in 1913.

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