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1906 San Francisco earthquake

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Author Topic: 1906 San Francisco earthquake  (Read 1327 times)
Mr. Miracle
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« Reply #30 on: July 08, 2009, 01:32:37 pm »

Almost immediately after the quake (and even during the disaster), planning and reconstruction plans were hatched to quickly rebuild the city. Rebuilding funds were immediately tied up by the fact that virtually all the major banks had been sites of the conflagration, requiring a lengthy wait of seven-to-ten days before their fire-proof vaults could cool sufficiently to be safely opened without risk of spontaneous combustion. Tiny Bank of Italy, however, had no vault and evacuated its funds to the country and was the only bank able to provide liquidity in the immediate aftermath. Its president also immediately chartered and financed the sending of two ships to return with shiploads of lumber from Washington and Oregon mills which provided the initial reconstruction materials and surge; today that bank has been renamed as Bank of America.[25]

The grander of citywide reconstruction schemes however, required investment from Eastern monetary sources, hence the spin and de-emphasis of the earthquake, the promulgation of the tough new building codes, and subsequent reputation sensitive actions such as the official low death toll.[25] One of the more famous and ambitious plans came from famed urban planner Daniel Burnham. His bold plan called for, among other proposals, Haussmann-style avenues, boulevards, arterial thoroughfares that radiated across the city, a massive civic center complex with classical structures, and what would have been the largest urban park in the world, stretching from Twin Peaks to Lake Merced with a large atheneum at its peak. But this plan was dismissed at the time as impractical and unrealistic.

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