So in England in 1912 Dinner == Lunch (US culture) & Supper == Dinner (US culture)? The Breakfast looks like the best meal. I don't think there was a culture of Tea Time in the US like in the UK (outside of the 13 colonies especially Boston).
Yeah I've read a few books about the aftermath of the Long Depression which led to JP Morgan lending money to the US government and eventually to the formation of the Federal Reserve. It wasn't a bad idea at the time since these state banks themselves would become insolvent if the local businesses went into a prolonged recession. Like the Texas vs. New York economies would be counter cyclical so when the Banks did well Oil was dropping and vice versa. The original Federal Reserve was meant to be regional in its scope. Each regional Fed was there to provide liquidity to local institutions as needed. It was never meant to be this behemoth national monstrosity it became under FDR. The problem arouse during the 1930s Depression & World War II when FDR politicized the Fed by nationalizing it, instead of maintaining the local regions it was originally meant to fix. And then post World War II it was used to lower long term rates via the original Operation Twist (which Bernanke used as well).