jan 1, 1907 - 1907: The Economic Reckoning (Part 2)

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JP Morgan, for a second time (he did this one in 1893, the worst depression America had seen), was called upon to avert disaster after a severe banking panic gripped America. A deep rift was formed among citizens due to debate on how the banking system should be reformed, but the general consensus was that the economy needed a central banking authority.

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