1858 |
|
Glass is born in Lynchburg, Va. |
1861-1865 |
|
U.S. Civil War |
1862 |
|
President Abraham Lincoln signs the Emancipation Proclamation, bringing an end to slavery |
1873 |
|
Glass leaves school to help support the family by becoming a printer's devil earning $1.50 per week |
1888 |
|
Glass buys the Lynchburg News |
1896 |
|
Glass is a delegate to the Democratic national convention |
1899 |
|
Glass is elected to the Virginia Senate |
1900 |
|
U.S. adopts gold standard (convertibility of dollar into gold) |
1902 |
|
Glass is elected to the U.S. House of Representatives |
1907 |
|
Financial Panic |
1908 |
|
Congress appoints National Monetary Commission (Aldrich Commission) to study the country's banking problems |
1912 |
|
Democrats win control of Congress and administration. Aldrich plan is rejected in party platform in January. |
1913 |
|
Federal Reserve Act is signed Dec. 23 |
1914-1918 |
|
World War I |
1919 |
|
Woodrow Wilson names Glass Secretary of the Treasury |
1920 |
|
Glass is appointed to the U.S. Senate |
1929 |
|
Stock market crash in October |
1932 |
|
Glass Steagall Act separates commercial and investment banking and permits use of U.S. government securities as collateral for Federal Reserve notes |
1933 |
|
Bottom of the Great Depression |
1935 |
|
Banking Act creates Federal Open Market Committee; Federal Reserve Board becomes the Board of Governors, membership on the Board reestablished and terms set at 14 years |
1939-1945 |
|
World War II |
1946 |
|
Glass dies in Washington, D.C., after serving a combined 44 years as a U.S. representative and senator |
