"The greatest monopoly in the country is the money monopoly," declared the governor of New Jersey, Woodrow Wilson, in a 1912 presidential campaign broadside, when Wall Street was on trial, as it is today. The Money Trust Investigation, a congressional inquest into the alleged misdeeds of the New York City banking community, brought J.P. Morgan and New York’s other most powerful bankers the unwelcome glare of public scrutiny. A hundred years on, experts discuss what has changed and what has not.
James Grant, the founder and editor of Grant’s Interest Rate Observer, is at work on a history of the founding of the Federal Reserve. Paul Gigot is the editorial-page editor and vice president of The Wall Street Journal and host of the “Journal Editorial Report” on Fox News. Richard Sylla (moderator) is the Henry Kaufman Professor of the History of Financial Institutions and Markets and Professor of Economics at New York University.
The Robert H. Smith Auditorium at the New-York Historical Society, 170 Central Park West, New York, NY 10024
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