John D. Rockefeller
His Standard Oil influenced modern banking and finance.
JP Morgan
Stabilized the banking system during the 1907 Panic.
Fiat Money
Currency not backed by a commodity but by government declaration
Federal Reserve Act (1913)
Established the U.S. Federal Reserve to stabilize the economy.
Panic of 1907
Catalyst for the creation of the Federal Reserve.
Adoption of Fiat Currency in Canada (1931)
Enabled recovery from the Great Depression.