February 26, 1931, Washington D.C. – In a shocking display of corruption, the Senate has finally confirmed Eugene Meyer’s appointment as Governor of the Federal Reserve Board, but not before a prolonged delay sparked by allegations of Wall Street influence. Despite the overwhelming support of 72 Senators, the nomination was sent back to committee twice due to concerns raised by Senator Brookhart of Iowa and Representative McFadden of Pennsylvania.
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Key Facts
- State: National
- Category: Public Corruption
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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