History: The Panic of 1907

Financial Context
01/08/2023 18 min
History: The Panic of 1907

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Episode Synopsis

The Panic of 1907 was a financial crisis in the United States marked by a stock market crash and a run on banks. Triggered by the collapse of a major trust company, it led to widespread panic and financial instability. J.P. Morgan intervened to restore confidence, establishing the precedent for future government intervention in financial crises.
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