The Fourth of July, also known as Independence Day, is a federal holiday in the United States. This holiday commemorates the adoption of the Declaration of Independence on July 4, 1776. Independence Day was not initially recognized as a federal holiday, but over time, it became more widely celebrated. It wasn't until 1870 that it was designated as an official federal holiday.
Fourth of July parade in Lincoln, Nebraska circa 1895.
"Lincoln's Fourth of July in 1907." History Nebraska Blog. Accessed January 9, 2024. https://history.nebraska.gov/lincolns-fourth-of-july-in-1907/
1. What is May making for Blanche?
2. What kind of disease does Mary have?
-The Panic of 1907
The Panic of 1907, also known as the 1907 Bankers' Panic, was a severe financial crisis that occurred in the United States. It was a significant event in the history of American finance and had far-reaching consequences for the U.S. economy. The panic was triggered by a combination of factors, including a run on several banks, the collapse of a major brokerage firm, and a general loss of confidence in the financial system. One of the main causes was the frenzy and excessive risk-taking that had characterized the U.S. financial markets in the years leading up to the crisis. J.P. Morgan and other wealthy Wall Street bankers played a crucial role in stabilizing the financial system during the panic. They pledged their own funds to support surrounding struggling banks and restore confidence in the banking system. The Panic of 1907 resulted in a severe recession, with a sharp decline in industrial production and widespread unemployment. Stock prices plummeted and many businesses and banks went bankrupt. The panic caused the push for financial reform and the establishment of a more stable banking system. In 1912, the Federal Reserve System was created to provide a central bank capable of managing monetary policy, ensuring the stability of the financial system, and preventing future panics.
“The Panic of 1907.” Federal Reserve History. Accessed October 13, 2023. https://www.federalreservehistory.org/essays/panic-of-1907.
-Cedar Falls Park
Cedar Falls Park in Fountain Inn, SC, is a recreational area known for its natural beauty and outdoor activities. Cedar Falls Park is situated along the Reedy River and is part of the Greenville County Recreational District. The park had been a local favorite for outdoor enthusiasts, families, and nature lovers for many years. It's known for its natural waterfall, Cedar Falls, which is a prominent feature of the park.