30 magg 1908 anni - Nelson Aldrich Lead Passage of Aldrich-Vreeland Act (Daughter Married a Rockefeller)

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Deeply committed to the efficiency model of the Progressive Era, he believed that his financial and trade policies would lead to greater efficiency. Reformers, however, denounced him as representative of the evils of big business. His daughter Abigail married American financer John Davison Rockefeller Jr. who was the son of Standard Oil co-founder John D. Rockefeller. His descendants, including namesake Nelson A. Rockefeller, became powerful figures in American politics and banking.

Aldrich led the passage of the Aldrich–Vreeland Act, which established the National Monetary Commission to study the causes of the Panic of 1907. He served as chair of that commission, which drew up the Aldrich Plan as a basis for a reform of the financial regulatory system. The Aldrich Plan strongly influenced the Federal Reserve Act of 1913, which established the Federal Reserve System. Aldrich also sponsored the Sixteenth Amendment, which allowed for a direct federal income tax.

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