On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act into law, fundamentally reshaping the financial and economic structure of the United States. This legislation established the Federal Reserve System, commonly known as the Fed, as the nation’s central banking authority. Its…
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On October 15, 1878, Thomas Edison, America’s greatest inventor, went into business. His new company The Edison Electric Light Company, played a pivotal role in the development and commercialization of electric lighting technology in the late 19th century. Edison had been working on electric…
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They say that as GM goes, so goes America. The story of GM began in 1907 when William Durant “received a phone call about a large automobile merger put together by financier J.P. Morgan. Weeks later, Durant held a meeting in his room at…
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