The Series of Bank Failures in 1907 Occurred Despite the Creation

question 161

True/False

The series of bank failures in 1907 occurred despite the creation of the Federal Reserve many years earlier.

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Definitions:

NAACP

The National Association for the Advancement of Colored People, a civil rights organization in the United States.

Desegregation

The process of eliminating racial segregation, which leads to the integration of races in public and private spaces.

Black Officer

An African American individual serving in a position of authority, especially within law enforcement or the military, often highlighting progress yet juxtaposing the continued challenges of racial discrimination.

Signal Corps

A branch of the army responsible for communications and information systems management.