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Warrior to Priest...Presidents of the Early 1900s: Panic of 1907, The

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Abstract
The Panic of 1907 illustrates how little control the federal government has over the industrial economy. When the stock market goes into free fall, J. P. Morgan attempts to halt the panic by guaranteeing he "will cover all obligations." Conservatives blame Roosevelt's policies for the economic disaster. Although the president disagrees with their assessment, he acts quickly to assure J. P. Morgan and other business leaders that he will not interfere with their recovery efforts. The key, Morgan tells the president, is the take-over of the Tennessee Coal & Iron Company by U. S. Steel. To help prevent future panics, the government establishes the Federal Reserve System
Collection
US History Collection
Subject
Theodore Roosevelt, Panic of 1907, government's lack of control over industrial economy, J. P. Morgan, corporate mergers, conservatives blame Roosevelt, William Howard Taft, antitrust suit against U. S. Steel, Federal Reserve System, Theodore Roosevelt and The Presidency
Series
American Government, American History, American Studies, Unfinished Nation, The
Contributors
Rauchway, Ph.D., Eric (Performer), Parrish, Ph.D., Michael (Performer), INTELECOM Intelligent Telecommunications (Firm)
Duration
00:02:13 (HH:MM:SS)
Language:
English
Copyright Holder
Name INTELECOM Intelligent Telecommunications
RoleDistributor
Telephone800-576-2988 x122
Address150 E. Colorado Blvd. Ste. 300, Pasadena, CA 91105
Email[email protected]
Rights Declaration:
This video is protected by copyright. You are free to view it but not download or remix it. Please contact the depositing institution for further information about how you may use this video.
Persistent/Share URL
https://54098.surd9.group/show.php?pid=njcore:20340
Basic LTI parameter
pid=njcore:20340
PID
njcore:20340
Metadata
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