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The Aldrich-Vreeland Act of 1908: The Emergency Money Law Before the Fed.
In 1907, the US economy collapsed. There was no Federal Reserve to save it. Banks failed, the stock market closed, and the government was helpless.
To prevent it from happening again, Congress passed a forgotten, temporary law: The Aldrich-Vreeland Act of 1908.
Most history books ignore it, but this "band-aid" law actually saved the United States from total ruin when World War I broke out.
This is the story of the "Emergency Currency" that acted as the bridge between the Wild West of banking and the modern Federal Reserve.
#History #Economics #FederalReserve #Banking #1907Panic #Money #Finance #USHistory #Documentary #thecoinfinancials
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