Aldrich–Vreeland Act
E47886
The Aldrich–Vreeland Act was a 1908 U.S. law that created emergency currency provisions and laid groundwork for banking reform in response to the Panic of 1907.
Statements (40)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
→
banking law → |
| allowedCollateral |
corporate bonds
→
other approved securities → state and municipal bonds → |
| appliesTo |
certain state banks and trust companies
→
national banks in the United States → |
| authorized |
issuance of emergency currency
→
national currency associations → |
| country |
United States of America
→
surface form:
United States
|
| created | National Monetary Commission → |
| dateEnacted | 1908-05-30 → |
| economicDomain |
banking regulation
→
monetary policy → |
| enactedDuring | 60th United States Congress → |
| followedBy |
Federal Reserve Act of 1913
→
surface form:
Federal Reserve Act
|
| historicalEra | Progressive Era → |
| inForceDuring | Panic of 1914 → |
| introducedBy |
Edward Vreeland
→
Nelson W. Aldrich → |
| laidGroundworkFor | Federal Reserve System → |
| legalStatus | superseded → |
| legislativeChamber |
United States House of Representatives
→
United States Senate → |
| namedAfter |
Edward Vreeland
→
Nelson W. Aldrich → |
| policyType | emergency currency provision → |
| precededBy |
National Banking Act of 1863
→
surface form:
National Banking Acts
|
| presidentAtEnactment | Theodore Roosevelt → |
| purpose |
to provide emergency currency in times of financial crisis
→
to stabilize the U.S. banking system after the Panic of 1907 → |
| responseTo | Panic of 1907 → |
| section |
provisions authorizing national currency associations
→
provisions establishing the National Monetary Commission → |
| shortDescription | 1908 U.S. law creating emergency currency provisions and initiating banking reform after the Panic of 1907 → |
| signedBy | Theodore Roosevelt → |
| subjectOf | United States monetary reform debates in the early 20th century → |
| supersededBy | Federal Reserve Act of 1913 → |
| usedFor | issuance of emergency currency in 1914 → |
| yearEnacted | 1908 → |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.