Letter from Theodore Roosevelt to Douglas Robinson
President Roosevelt diagnoses the root cause of the current financial crisis as the public’s lack of confidence caused by the revelations of corrupt practices among several prominent businessmen. In fact, Roosevelt believes such a crisis was inevitable in light of dishonest business practices, and that his policies merely exposed them sooner than expected. Despite this, Roosevelt cannot regret his decisions and can only resolve to do what he can to restore confidence.
Collection
Library of Congress Manuscript Division
Creation Date
1907-11-16
