Louis Thomas McFadden
(1876-1936)
American politician
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Louis Thomas McFadden (July 25, 1876 – October 1, 1936) was a Republican member of the United States House of Representatives from Pennsylvania, serving from 1915 to 1935. A banker by trade, he was the chief sponsor of the 1927 McFadden Act, which rechartered the Federal Reserve System in perpetuity, liberalized branch banking for national banks and increased competition between member and non-member banks. He later became an opponent of the Federal Reserve System and Anti-Semitic conspiracy theorist.
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| Born |
25 July 1876 Granville Center,Troy Township, Bradford County, Pennsylvania, United States
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| Died |
1 October 1936 (aged 60) New York City
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| Zodiac | Leo |
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