The Roosevelt Panic of 1907

The Roosevelt Panic of 1907 - The short Panic of 1907 began...

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The Roosevelt Panic of 1907 He was easily elected president in 1904 (against Democrat Alton B. parker and Socialist Eugene V. Debs) was enormously popular, especially…a “teddy bear.” Also…. Yet, conservative Republicans considered him dangerous and unpredictable. Thus they grew restless as he called for more corporate regulations, taxing incomes, and protecting workers.
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Unformatted text preview: The short Panic of 1907 began when a punishing panic descended on Wall Street, which called for runs on banks, suicides, and criminal indictments against speculators. The good news-In 1908 Congress passed the Aldrich-Vreeland Act,This helps lead to the momentous Federal Reserve Act of 1913....
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This note was uploaded on 10/16/2011 for the course AMH 2010 taught by Professor Pietrzak during the Spring '11 term at Broward College.

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