An inside look at the financial crisis of 1907–what happened, why it mattered, and what we’ve learned
'The Panic of 1907' tells the dramatic story of one of the worst financial panics in modern history, drawing fascinating parallels to market conditions today. Through a detailed and engaging narrative, the authors lead readers day by day through the most critical events of the panic. Beginning with the dramatic suicide of Charles T. Barney, the deposed president of the Knickerbocker Trust Company–the first major financial institution to collapse–and ending with the establishment of the Federal Reserve System, the story highlights the leadership role of the larger-than-life financier J. Pierpont Morgan. With this book as their guide, readers will take away important insights from the panic of 1907, developing a deeper understanding of financial markets and the factors that affect them.
