The Federal Reserve Act was deferred by Abraham Lincoln and gridlocked by Andrew Jackson. Unfortunately, the global bankers finally had gat under control of the US financial system. This happened on December 23, 1913, wherein the Federal Reserve Act was approved through Congress when most of the congresspersons were out for the holidays. Moreover, the American President Woodrow Wilson pledged to affix his signature in the Federal Reserve Act to trade for campaign augmentations. This illegitimate action paved the way for a group of international private banking professionals to produce pieces of printed paper money, which would be lent to the government at agreed interest rates. Moreover, well-known business tycoons of this group were Max and Paul Warburg, Jacob Schiff, J.D. Rockefeller and J.P. Morgan. Each was affiliated to the House of Rothschild in different ways. In addition, the bankers were able to concentrate more on their forte and that is waging: international economic battles.