Pujo Committee

AAA

DEFINITION of 'Pujo Committee'

A committee started to investigate the "money trust". It was formed in 1912 by Arsene Pujo, a member of the United States House of Representatives, and the National Monetary Commission. The committee helped to open the eyes of the public on the issue which helped gain support for the changes that needed to be made.

INVESTOPEDIA EXPLAINS 'Pujo Committee'

The committee performed an investigation into the allegations that the financial industry was being controlled by only a select few powerful individuals. The allegations proved true and led to the changes to the sixteenth amendment of the Federal Reserve Act and the Clayton Antitrust Act the following year.

RELATED TERMS
  1. Wall Street

    1. A street in lower Manhattan that is the original home of the ...
  2. Antitrust

    The antitrust laws apply to virtually all industries and to every ...
  3. Federal Reserve Board - FRB

    The governing body of the Federal Reserve System. The seven members ...
  4. Monetary Policy

    The actions of a central bank, currency board or other regulatory ...
  5. Money Supply

    The entire stock of currency and other liquid instruments in ...
  6. Federal Trade Commission - FTC

    An independent federal agency whose main goals are to protect ...
Related Articles
  1. A History Of U.S. Monopolies
    Personal Finance

    A History Of U.S. Monopolies

  2. Antitrust Defined
    Personal Finance

    Antitrust Defined

  3. The 5 Most Feared Figures In Finance
    Personal Finance

    The 5 Most Feared Figures In Finance

  4. How did Dow Chemical defeat an international ...
    Entrepreneurship

    How did Dow Chemical defeat an international ...

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center