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Expiry of the Second Bank of the United States
In attempt to shut it down, President Andrew Jackson purposefully doesn't recharter the Second Bank of the United States -
JP Morgan was Born
"JP Morgan was born" -
San Francisco Earthquake of 1906
'Go to Panic of1907' "With a fire and 7.8 magnitude earthquake right in the heart of San Francisco, 80% of the city was destroyed, 3,000 people killed, and $400 million in damage (6 billion in 2013 dollars)" -
Hepburn Act of 1906
'Go to the Panic of 1907' "United States Congress passed the Hepburn Act in 1906. The Act prohibited railroads from hauling commodities that they had produced or mined, except for supplies necessary for their own use; this section of the Act became known as the Commodities Clause." This act was important for the starting of the Panic of 1907. -
The Panic of 1907
'Go to Panic of 1907' "The Panic of 1907 was a six-week stretch of runs on banks in New York City and other American cities in October and early November of 1907. It was triggered by a failed speculation that caused the bankruptcy of two brokerage firms." -
Jekyll Island Meeting
'Go to Jekyll Island' These secret meetings between seven of Wall Street's big bank presidents outlined central banking in America. -
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Pujo Committee
The [http://51402324.nhd.weebly.com/pujo-committee.html](Pujo Committee) was an investigation of the few bankers who monopolized Wall Street. -
JP Morgan Passes Away
[http://51402324.nhd.weebly.com/pujo-committee.html](Pujo Committee)J.P. Morgan's death shook Wall Street. Some blame the meetings to stress him out, considering his old age but tireless efforts. -
Federal Reserve Act is Passed
'Go to Federal Reserve Act'" When revealed how Morgan and his partners had the power to manipulate industries, it was paramount that the Federal Reserve be established."
