Carter Glass (1858 – 1946), American newspaper publisher and Democratic politician. He represented Virginia in both houses of Congress and served as the United States Secretary of the Treasury under President Woodrow Wilson. He played a major role in the establishment of the U.S. financial regulatory system, helping to establish the Federal Reserve System and the Federal Deposit Insurance Corporation.
Glass won election to the United States House of Representatives in 1902 and became Chairman of the House Committee on Banking and Currency in 1913. Working with President Wilson, he passed the Federal Reserve Act, which established a central banking system for the United States. Glass served as Secretary of the Treasury from 1918 until 1920, when he accepted an appointment to represent Virginia in the United States Senate. Glass was a favorite son candidate for the presidential nomination at the 1920 Democratic National Convention.
Glass served in the Senate from 1920 until his death in 1946, becoming Chairman of the Senate Appropriations Committee in 1933. He also served as president pro tempore of the Senate from 1941 to 1945. He co-sponsored the 1933 Banking Act, also known as the Glass–Steagall Act, which created the Federal Deposit Insurance Corporation and enforced the separation of investment banking firms and commercial banks.
- "Glass had red hair..." https://books.google.it/books?id=-iN9CgAAQBAJ&pg=PT56...
- "The one-hundred-pound, red-headed Democrat was owner and editor of the Lynchburg News..." https://www.jstor.org/stable/24440499
- "Short (five feet four inches), with red hair..." https://books.google.it/books?id=aMiA05P92h8C&pg=PA174...
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