alternatehistory.com

In 1914, William Gibbs McAdoo prevented an economic panic at the beginning of 1914, by shutting down Wall Street for nearly three months and issuing emergency currency. This was seen as a broad overreach, but effective in halting what could have been.

No matter how he got into the White house, the question is: Could he stop the Great Depression from being as bad as it was? Did he have the ability to make changes to American Fiscal Policy, enough to prepare for an event like 1914 again? Would the FDIC be created earlier, to protect banks?

Personally, I believe so. I'm preparing to write a timeline about a McAdoo that keeps himself out of trouble better by going more into business, being union-friendly, and finding better friends than Doheny.
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