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Historical Timeline
1900 |
Gold Standard Act passed establishing gold as the only standard for redeeming paper money |
1901 |
Founding of the United States Steel Corporation |
1901 |
President Theodore Roosevelt takes office |
1903 |
Founding of the Bethlehem Steel Corporation |
1905 |
Equitable Life Assurance Scandal |
1906 |
Founding of The American Magazine, a periodical muckraking journal |
1907 |
Panic of 1907 - see below for a more detailed timeline. |
1911 |
Creation of Aldrich Bill |
1911 |
National Citizens' League established |
1912 |
Pujo Trials investigate "money trusts" including J.Pierpont Morgan (from May 1912 to 1913) |
1913 |
Passage of the Federal Reserve Act |
1914 |
Beginning of WWI |
1918 |
End of WWI |
1922 |
Senate Committee on Interstate Commerce examines salaries of railroad executives, NYT publishes findings |
1925 |
Publication of American Corporations and their Executives: A Statistical Inquiry by F.W. Taussig and W.S. Barker |
1929 |
Stock market crash, onset of Great Depression |
1934 |
"Report of the Federal Trade Commission on Compensation of Officers and Directors of Certain Corporations" released |
1907 Timeline
Oct. 9, 1907 |
Failed attempt to manipulate stock of United Copper
(see thenewamerican.com/history/47-american/426) |
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Oct. 15, 1907 |
Stocks start to tumble. |
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Oct. 21, 1907 |
National Bank of Commerce announcement that it would stop accepting checks for the Knickerbocker Trust Company, triggering a run of depositors demanding their funds back and the eventual collapse of the Knickerbocker Trust Company |
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Oct. 22, 1907 |
The start of the bank run on the Knickerbocker Trust Company |
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Oct. 24, 1907 |
J. Pierpont Morgan arranged for a number of bankers to provide the then-colossal sum of $23 million to allow the New York Stock Exchange to continue operating |
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Nov. 2, 1907 |
Moore & Schley, a major brokerage, nears collapse because its loans were backed by the Tennesee Coal, Iron & Railroad Company (TC&I). Proposal is made fro U.S. Steel to purchase TC&I. |
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Nov. 4, 1907 |
President Roosevelt approves of the U.S. Steel's acquisition of the Tennessee Coal, Iron, and Railroad Company (TC&I) |
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