George Q. Cannon: Controversial Economic Innovator during the Depression of the 1890s Amid the worst economic depression yet in American history, George Q. Cannon, with President Wilford Woodruff’s full approval, formulated a daring scheme to retain control of economic resources and business opportunities. This utilized deficit financing and bond sales in the east. Ultimately, much of the plan succeeded, but in the process, considerable resentment was generated towards Cannon. This caused him to enjoy less than cordial relationships with many other Church leaders in his last years after Woodruff’s death.
Edward Leo Lyman