The United States in Our Own Times, 1865-1920
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ROOSEVELT'S "SECOND" TERM 335 President Roosevelt's reforming activities aroused bitter antagonism among ultracbnservatives and selfish interests, but Ms popularity among the people increased rather than diminished. In the congressional elections of 1906 his admin- istration again received an overwhelming vote of confidence.
Included in the majority membership of Senate and House, however, were many men who were either openly or covertly hostile to the President, and this hostility became mors ...and more manifest as his term drew toward its close.
Late in 1907, soon after the imposition of the great fine against the Standard Oil Company, a financial stringency, amounting in some centres to a panic, developed. There were runs on many banks and trust companies, but the f™J^ ° financial interests combined for mutual protection, clearing-house certificates were issued as an emer- gency currency, and only a comparatively few institutions went to the wall. Basically the business of the country was sound, and the flurry was mainly a "money panic"; it was often re- ferred to as the "rich man's panic." In some of the great in- dustrial centres lack of employment developed, but the West suffered comparatively little and the farming class were not much inconvenienced.
What to read after The United States in Our Own Times, 1865-1920?
You can find similar books in the "Read Also" column, or choose other free books by Haworth, Paul Leland, 1876-1936 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
ROOSEVELT'S "SECOND" TERM 335 President Roosevelt's reforming activities aroused bitter antagonism among ultracbnservatives and selfish interests, but Ms popularity among the people increased rather than diminished. In the congressional elections of 1906 his admin- istration again received an overwhelming vote of confidence.
Included in the majority membership of Senate and House, however, were many men who were either openly or covertly hostile to the President, and this hostility became mors ...and more manifest as his term drew toward its close.
Late in 1907, soon after the imposition of the great fine against the Standard Oil Company, a financial stringency, amounting in some centres to a panic, developed. There were runs on many banks and trust companies, but the f™J^ ° financial interests combined for mutual protection, clearing-house certificates were issued as an emer- gency currency, and only a comparatively few institutions went to the wall. Basically the business of the country was sound, and the flurry was mainly a "money panic"; it was often re- ferred to as the "rich man's panic." In some of the great in- dustrial centres lack of employment developed, but the West suffered comparatively little and the farming class were not much inconvenienced.
What to read after The United States in Our Own Times, 1865-1920?
You can find similar books in the "Read Also" column, or choose other free books by Haworth, Paul Leland, 1876-1936 to read onlineMoreLess
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