Republican (proto-fascist/socialist) President Theodore “Robber Baron” Roosevelt—without a constitutional amendment—signs the Aldrich-Vreeland Act, establishing the National Monetary Commission, ostensibly to correct deficiencies in the banking system that caused the Panic of 1907.
Postscript: The NMC eventually recommended the formation of a new central bank—to provide a temporary currency during national emergencies—the Federal Reserve System of Banks.
[restored 5/30/2022]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Irving S. and Nell Kull, eds., A Short Chronology of American History, 1492-1950, (New Brunswick: Rutgers University Press, 1952), 205.
Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 272.
us events
www.duke.edu/~charvey/Country_risk/chronology/us-events.htm
Current U.s. National Debt:
