People who have money reluctant to loan currency in order to fellow finance companies

D. Roosevelt victories reelection into the 1904 Chose “in his own right” of the high electoral margin more than Democrats. Eugene Debs ran toward Socialist solution; Prohibition group in addition to with the vote. Made themselves a great “lame duck” president

Postal Coupons Banking system (1910)

X. Panic of 1907 A. Wall Road suffered an initial however, brutal worry in 1907 1. “Runs” on banks, suicides, and criminal indictments against speculators. a. TR cooperated with Morgan banks and other large banks to prevent a banking collapse by transferring millions of Treasury funds from one bank to another. b. 2. Company management assailed Roosevelt getting evoking the stress due to his anti-business tactics and called the financial setback the “Roosevelt Panic” 3. Continue reading →