13 Facts About Henry Cutting

C' Henry Cutting was a California entrepreneur, engineer, school official and amateur economist.

In 1904, Henry Cutting developed the inner harbor of Richmond, California, into a major commercial venture.

Henry Cutting spent his last decades focused on questions of monetary economics.

Henry Cutting ran unsuccessfully for the Republican nomination to represent Alameda county in Congress in 1922.

Henry Cutting Boulevard is a major thoroughfare in Richmond named after him.

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Henry Cutting was born in Iowa on April 3,1870, to George and Jean Cutting.

In 1903, Henry Cutting moved to San Francisco, where he organized the San Francisco and Tenepah Mining Exchange.

Henry Cutting favored unification of all the cities on the San Francisco Bay, under the name San Francisco, and publicly advocated this goal.

In 1932, Henry Cutting professed that he had devoted "twenty years of study" to economic thought.

Henry Cutting's work was praised by Upton Sinclair as "The Uncle Tom's Cabin of finance".

Henry Cutting believed that the bank failures, deflation and the long duration of the Great Depression beginning in 1929 vindicated his criticisms of the banking system and gold standard.

The Glass-Steagall Act of 1933 instigated a number of reforms similar to those that Henry Cutting had proposed, though it is unclear whether his work had any influence on the legislation.

Henry Cutting is memorialized by a prominent street in Richmond, California, but he remains an obscure figure.