• Summary
  • Contents
  • Subject index

A manual offering information on the most important laws and treaties approved by Congress in more than 200 years since the first session in 1789. Each Congress is covered in a separate chapter introduced by a historical essay setting the actions of the legislators in the context of their times.

Sixtieth Congress: March 4, 1907, to March 3, 1909
Sixtieth Congress: March 4, 1907, to March 3, 1909
  • First session—December 2, 1907, to May 30, 1908
  • Second session—December 7, 1908, to March 3, 1909
  • (Second administration of Theodore Roosevelt, 1905–1909)
Historical Background

During the autumn of 1907, following a decade of prosperity in America, a brief but severe bankers panic occurred that threatened to bring about a complete collapse of the U.S. monetary system. The panic was prompted by an uncontrolled amount of speculative activity by commercial banks and trust companies. Catastrophe was averted through the joint efforts of Secretary of the Treasury George B. Cortelyou and investment banker J. P. Morgan. Cortelyou authorized large government deposits to be placed in several banks, while Morgan assembled a banking group that ...

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