Statements (55)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:United_States_federal_law
|
| gptkbp:addressed |
banking panics
|
| gptkbp:allows |
issue notes backed by government securities
issue of emergency currency |
| gptkbp:amends |
gptkb:Federal_Reserve_Act
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
Emergency Banking Act |
| gptkbp:established |
gptkb:National_Monetary_Commission
|
| gptkbp:hasLegalStatus |
allowed for the establishment of emergency currency boards
|
| https://www.w3.org/2000/01/rdf-schema#label |
Aldrich-Vreeland Act
|
| gptkbp:influenced |
creation_of_the_Federal_Reserve_System
|
| gptkbp:influencedBy |
economic conditions of the time
|
| gptkbp:inspiration |
subsequent banking legislation
|
| gptkbp:introduced |
gptkb:Nelson_Aldrich
|
| gptkbp:isAssignedTo |
on May 30, 1908
|
| gptkbp:isChallengedBy |
some economists
agrarian interests populists |
| gptkbp:isCitedIn |
in_Congress_for_several_months
the_Senate_and_House_of_Representatives |
| gptkbp:isConsidered |
a significant step towards modern banking regulation
a_landmark_in_U.S._financial_legislation a_precursor_to_the_Federal_Reserve_Act |
| gptkbp:isCriticizedFor |
favoring large banks
its potential to create inflation |
| gptkbp:isDesignedFor |
provide liquidity to the banking system
|
| gptkbp:isFacilitatedBy |
due to its implications for monetary policy
|
| gptkbp:isInfluencedBy |
shaping modern banking policy
|
| gptkbp:isKnownFor |
a compromise between different political factions
|
| gptkbp:isLocatedIn |
during financial crises
the issuance of emergency currency notes |
| gptkbp:keyLegislation |
that aimed to stabilize the banking system
|
| gptkbp:ledTo |
greater federal control over banking
|
| gptkbp:provides |
temporary relief to banks
|
| gptkbp:purpose |
to provide for emergency currency
|
| gptkbp:relatedTo |
Panic of 1907
|
| gptkbp:requires |
collateral for currency issuance
|
| gptkbp:sets |
framework for currency issuance
|
| gptkbp:signature |
gptkb:Theodore_Roosevelt
|
| gptkbp:significantEvent |
U.S._monetary_policy
|
| gptkbp:wasAffecting |
a response to the Panic of 1907
|
| gptkbp:wasEducatedAt |
preventing future banking crises
restoring public confidence in banks |
| gptkbp:wasPartOf |
progressive era reforms
in response to public demand for reform the context of a national financial crisis the legislative response to economic instability the response to the 1907 financial panic the broader context of early 20th-century economic reform the_legislative_history_of_the_Federal_Reserve_System the_evolution_of_U.S._banking_laws |
| gptkbp:wasSupportedBy |
business leaders
banking interests the banking community |
| gptkbp:yearEstablished |
1908
|