What Happened This Year 1913
Historical Events from This Year 1913
Creation of the Federal Reserve System
The Federal Reserve Act was signed into law by President Woodrow Wilson, establishing the Federal Reserve System as the central banking authority of the United States. The Act aimed to provide the country with a safer, more flexible, and more stable monetary and financial system. Amidst a backdrop of financial panics, the legislation was a pivotal shift in the American banking framework to respond dynamically to economic conditions. The Federal Reserve was tasked with overseeing monetary policy, managing inflation, and regulating banks to enhance financial stability.
Continue ReadingTragic Christmas Gathering in Calumet
A Christmas party in Calumet, Michigan, was marked by tragedy when a false alarm of a fire led to a chaotic rush for the exits. Seventy-three individuals, including 59 children, lost their lives as families gathered to celebrate at the Italian Hall, a festive setting for community members. The panic spread quickly as the crowd attempted to escape, leading to a devastating crush that resulted in multiple fatalities. This incident profoundly affected the local community and garnered national attention.
Continue ReadingFilming Begins on Hollywood's First Feature Film
Cecil B. DeMille commenced the filming of 'The Squaw Man', which marked a significant milestone in cinematic history as Hollywood's first full-length feature film. Shot in the rugged landscapes of California, this film set the stage for the future of the film industry. The intriguing story, which revolves around a love triangle and elements of the American West, showcased new storytelling techniques and expansive production values. The film was pivotal for both DeMille and the burgeoning studio system in Hollywood, leading to increased investment in feature film productions and establishing Los Angeles as the heart of the film industry.
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