France, and the Bank of Germany. To accomplish their goal of establishing a central bank, the Money Trust used a proven method of revolution, that of creating a crisis and then offering a solution, the solution being what the perpetrators wanted in the first place. mown: eann *. In this case, the crisis was the Bank Panic of 1907. It was created by J. P. Morgan spreading the rumor that the Trust Company of America (a private bank) was insolvent. This resulted in snowballing bank runs. The Money Trust then came forward with a solution to prevent bank runs, a central bank to control all banking in the United States. Plans for a central bank were formalized, in 1910, in a secret meeting at J. P. Morgan's hunting club on Jekyll Island, off the coast of Georgia. At this meeting, along with representatives of the Money Trust, was Senator Nelson Aldrich, a relative of the Rockefellers. Aldrich became the chief proponent of legislation in Congress to create a central bank. In December of 1913, Congress passed legislation creating the Federal Reserve. The United States had a central bank. conspirators to get the American people to accept a central bank. This method is always to promise just the opposite of what you intend to do. The Federal Reserve was sold to Congress as a way to stabilize the economy and prevent future bank runs. It did just the opposite. It 81 Building Modern Babylon Rothschilds owned the Bank of England, the Bank of Another time worn method was used by the