LYCOS RETRIEVER 
1907
built 139 days ago
The Panic of 1907, ... known as the 1907 Bankers' Panic, was a financial crisis in the United States. The stock market fell nearly 50% from its peak in 1906, the economy was in recession, and there were numerous runs on banks and trust companies. Its primary cause was a retraction of loans by some banks that began in New York and soon spread across the nation, leading to the closings of banks and businesses. The severity of the downturn was such that it eventually pressured the United States Congress to enact the Federal Reserve Act creating the Federal Reserve System in 1913. The 1907 panic was the fourth panic in 34 years.
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Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide. Covering a wide range of market segments, UPI's journalists and experts provide in-depth reporting of major events and offer unique analysis of global issues affecting business and policy decisions. UPI products include original content in English, Spanish and Arabic, as well as a broad range of content from publishers UPI represents worldwide. Headquarters are in Washington, DC with offices in Beirut, Hong Kong, London, Santiago, Seoul and Tokyo.
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In 1907, Americans had a life expectancy of just 45.6 years for men and 49.9 for women. Even worse, this was the year that typhoid, an abdominal disease spread through water and food supplies, ravaged the nation. But alas! Public health officials discovered that 47 people stricken with the disease were all from families that employed a cook named Mary. With "Typhoid Mary" safely quarantined, these were the highlights of that year.
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On September 7, 1907, nearly a century ago, an anti-Asiatic riot took place in Vancouver’s Chinatown and Japantown. The riot was the most spectacular moment within a long history of anti-Asiatic agitation in British Columbia. This hostility began in 1885, right after the Canadian Pacific Railway was completed and the same year the Head Tax was imposed on Chinese entering Canada. This long history of anti-Asian agitation resulted in more than the street violence of the riot, but ... created a legacy of focusing on the perspectives of the rioters at the expense of the victims of the riot. This exclusion of Chinese Canadian, Japanese Canadian, and South Asian Canadian points of view might not have been as violent, but in many ways the long-term effect has been just as harmful. In perpetuating the rioters’ perspectives as the central story of 1907, Canadian history still has not adequately included those who were excluded through these anti-Asian acts.
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By 1907, U.S. power companies were growing in technology and scale. As a result, life became a little easier for housewives, especially when the Thor washing machine was introduced by Hurley Machine Company of Chicago. To go with the Thor, a company in Düsseldorf, Germany, came up with the first household detergent in the same year. It was called Persil.
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To get around the law prohibiting the use of advertisements on U.S. postage stamps,a disclaimer of sorts - "Commemorative Series, 1907" - was placed on each stamp, rather than the name of the Exposition itself. And as with the earlier "commemorative" stamps, this gave rise to a variety of "JAMESTOWN CELEBRATION" and "EXPOSITION STATION" cancellations promoting and providing souvenirs for the event. Many of the cancellations and covers bearing these cancellations are very collectible today.
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1907