The point was raised John Fredrick Parker on another thread that I posted that without the San Francisco earthquake, there probably wouldn't be a Federal Reserve either.
https://www.alternatehistory.com/discussion/showthread.php?t=159154
Okay, so does anyone know what the most likely consequences of this would be? The US Federal Reserve wasn't created until several years after the Panic of 1907, would it even be created at all? Would the Great Depression have happened?
I did a search about the Reserve in this forum, but there wasn't much there. Nobody previously appears to have asked the question.
https://www.alternatehistory.com/discussion/showthread.php?t=159154
You're creating some major butterflies here -- for example, the Panic of 1907 was largely a result of the 1906 earthquake; the response to it in turn led to the creation of the Federal Reserve.
And that's just off the top of my head...
Okay, so does anyone know what the most likely consequences of this would be? The US Federal Reserve wasn't created until several years after the Panic of 1907, would it even be created at all? Would the Great Depression have happened?
I did a search about the Reserve in this forum, but there wasn't much there. Nobody previously appears to have asked the question.