American businessmen like John Jacob Astor IV, Benjamin Guggenheim, and Isidor Straus who opposed the creation of the Federal Reserve were deliberately killed in the Titanic disaster to clear the way for its establishment. Meanwhile, financier J.P. Morgan, who was instrumental in forming the Federal Reserve, canceled his trip on the Titanic at the last minute
American businessmen like John Jacob Astor IV, Benjamin Guggenheim, and Isidor Straus who opposed the creation of the Federal Reserve were deliberately killed in the Titanic disaster to clear the way for its establishment. Meanwhile, financier J.P. Morgan, who was instrumental in forming the Federal Reserve, canceled his trip on the Titanic at the last minute