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Banks needed a source of emergency reserves to prevent the panics and resulting runs from driving them out of business. A particularly severe panic in 1907 resulted in bank runs that wreaked havoc on the fragile banking system and ultimately led Congress in 1913 to write the Federal Reserve Act.
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One of the most crucial differences between Shia and Sunni Muslims is the importance that the Shiites give to Ali, whom the Sunni do not recognize as being the prophet's rightful successor.
Answer:African Americans in Baton Rouge organized the first large-scale boycott of a southern city’s segregated bus system. When the leader of the boycott, Rev. T. J. Jemison, struck a deal with the city’s leadership after five days without gaining substantial improvements for black riders, many participants felt Jemison capitulated too quickly. However, the boycott made national headlines and inspired civil rights leaders across the South. Two and a half years later, Rev. Martin Luther King Jr. conferred with Jemison about tactics used in Baton Rouge, and King applied those lessons when planning the bus boycott that ultimately defeated segregation in Montgomery, Alabama, and drew major media attention to the injustices of Jim Crow laws.
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