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Elisha Roosevelt sicketh the bears upon the bad boys of Wall
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Elisha Roosevelt sicketh the bears upon the bad boys of Wall
Elisha Roosevelt sicketh the bears upon the bad boys of Wall Street. Illustration shows Theodore Roosevelt standing on a hill in the background as two large bears labeled Interstate Commerce Commission and Federal Courts break-up a crowd of Wall Street capitalists and stock market manipulators, causing them to scatter in all directions. Date 1907 May 8. Elisha Roosevelt sicketh the bears upon the bad boys of Wall Street. Illustration shows Theodore Roosevelt standing on a hill in the background as two large bears labeled Interstate Commerce Commission and Federal Courts break-up a crowd of Wall Street capitalists and stock market manipulators, causing them to scatter in all directions. Date 1907 May 8
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May 8, 1907: Elisha Roosevelt Sicketh the Bears upon the Bad Boys of Wall Street This illustration from Puck magazine captures a pivotal moment in the history of American finance and regulation. In the image, President Theodore Roosevelt stands on a hill in the background, watching as two large bears, labeled Interstate Commerce Commission and Federal Courts, break up a crowd of Wall Street capitalists and stock market manipulators. The bears' actions cause the men to scatter in all directions, symbolizing the end of their illegal practices. The event depicted in this cartoon took place during the infamous "Bear Raid" of 1907, when a panic on the stock market led to widespread financial instability. In response, President Roosevelt called upon the Interstate Commerce Commission and the Federal Courts to take action against those engaging in manipulative trading and other illegal activities. This marked a turning point in the regulation of the stock market and the beginning of a new era of government intervention in the economy. Elisha Roosevelt, depicted in the illustration as one of the bears, was the Assistant Secretary of the Navy at the time and was not directly involved in the events of May 8, 1907. However, he became a symbol of the president's determination to rein in the excesses of Wall Street and protect the interests of the American people. This illustration from Puck magazine captures the spirit of the time and the public's enthusiasm for Roosevelt's bold actions.
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