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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- Spring '11
- Woodrow Wilson, President of the United States, Federal Reserve System, Panic of 1907, Democrat Alton B.