The Daily Dialectics

Understanding the Impact on America's Credit System | thedailydialectics

100 dollar bill featuring Woodrow Wilson

Synopsis

A depiction of Woodrow Wilson reflecting on his role in shaping America's credit system, which he later expressed regret over. This image highlights the complex

** Woodrow Wilson,American history,presidential portraits,financial governance,national finance,Woodrow Wilson,credit system,U.S. currency,100 dollar bill

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence.

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