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The Panic of 1907 - How JP Morgan Saved the US Economy.
Manage episode 375178495 series 2851541
The Panic of 1907 was a six-week stretch of bank runs in October and early November of 1907, where the stock market crashed, the city ran out of money and numerous banks and brokerage firms went bankrupt. The event was triggered by an earthquake a year earlier in San Francisco and a failed short squeeze in United Copper stock by Fritz Augustus Heinze and Charles W Morse.
J. Pierpont Morgan famously took action to bring the business community together to save the US economy from collapse. The panic of 1907 was the crisis led to the creation of the Federal Reserve System.
Books Mentioned in This Video:
The Panic of 1907: https://amzn.to/47LMya4
Manias, Panics & Crashes: https://amzn.to/45lGVxz
America's Bank: https://amzn.to/3OPVlzh
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://buymeacoffee.com/patrickboyle
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle YouTube Channel
199 эпизодов
Manage episode 375178495 series 2851541
The Panic of 1907 was a six-week stretch of bank runs in October and early November of 1907, where the stock market crashed, the city ran out of money and numerous banks and brokerage firms went bankrupt. The event was triggered by an earthquake a year earlier in San Francisco and a failed short squeeze in United Copper stock by Fritz Augustus Heinze and Charles W Morse.
J. Pierpont Morgan famously took action to bring the business community together to save the US economy from collapse. The panic of 1907 was the crisis led to the creation of the Federal Reserve System.
Books Mentioned in This Video:
The Panic of 1907: https://amzn.to/47LMya4
Manias, Panics & Crashes: https://amzn.to/45lGVxz
America's Bank: https://amzn.to/3OPVlzh
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me a Coffee: https://buymeacoffee.com/patrickboyle
Visit our website: www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle
Patrick Boyle YouTube Channel
199 эпизодов
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