The Panic of 1907 in the US and the creation of the Federal Reserve System in 1913

Paper instructions:
he main characteristics of an Expository Essays are: Justify the Facts
The expository essay is an informative piece of writing that presents a balanced analysis of a topic. In an expository essay, the writer explains or defines a topic, using facts, statistics, and examples. Expository writing encompasses a wide range of essay variations, such as the comparison and contrast essay, the cause and effect essay, and the “how to” or process essay. Because expository essays are based on facts and not personal feelings, writers don’t reveal their emotions or write in the first person.

For structure please remember you need an introduction with at least 5 phrases. The body of the essay with as many paragraphs as necessary. And a conclusion on the overall using at least 5 phrases.

Topic: The Panic of 1907 in the US and the creation of the Federal Reserve System in 1913

Your essay should include:

1) Explain in details how a natural disaster in the West Coast led to a panic in the entire country
2) What is a bank run?
3) What was t positive side effect of the Panic of 1907? What is the relationship of the panic and the creation of the Federal Reserve System six years later?
4) Which was our greatest lesson from the Panic of 1907 in the US?
5) Bibliography

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