1907 with a panic which frightened “runs” on banks. This was called Roosevelt’s panic, which was rebuked by Roosevelt, who said it was caused by “certain malefactors of great wealth. In 1908 congress passed the Aldrich-Vreeland Act which allowed national banks to issue emergency currency with collateral when needed. Paved the way for the Federal Reserve Act of 1913 4. The Jungle This book was written by Upton Sinclair and it talked in noxious detail about the filth, disease and putrefaction in Chicago’s…
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