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Panic of 1907.

Authors :
Federal Reserve Bank of Boston, MA.
Publication Year :
1990

Abstract

This pamphlet recaps the chain of events known as The Bank Panic of 1907. Historians view this as a watershed event that had a lasting impact on the financial system of the United States. The panic resulted from the collapse of the United Copper Company and was averted with the intervention of John D. Rockefeller and the J. P. Morgan Company. The pamphlet is divided into three parts: (1) "In Which the Downfall of a Prominent Speculator Rocks the Financial System, and a Prominent Millionaire Saves the Day"; (2) "Panic of 1907: Movers and Shakers"; and (3) "Parallel History: Everyday People." (EH)

Details

Language :
English
Database :
ERIC
Publication Type :
Report
Accession number :
ED413256
Document Type :
Reports - Descriptive