Statement before the Senate Committee on Banking and Currency

Statement

By: Robert F. Wagner

Date: June 30, 1945

Source: Wagner, Robert F. Statement before the Senate Committee on Banking and Currency, June 30, 1945. 79th Cong., 1st sess. Washington, D.C.: U.S. Government Printing Office, 1945, 1–2, 3–4, 5.

About the Author: Robert F. Wagner (1877–1953), a native of Germany, came to the United States with his parents in 1885. He attended the City College of New York and New York Law School. In 1926, Wagner was elected a United States senator from New York—an office he held until his retirement in 1949. Throughout his career, Wagner remained one of the most influential and effective leaders of American liberalism.

Introduction

The United States suffered through five depressions during the nineteenth century. These periods of severe economic downturns—the panics of 1819, 1837, 1857, 1873, and 1893—featured a...

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