This week on Taking Stock, Chives and Bibic take a trip back in time to the panic of 1907. A panic caused by wealthy people over leveraging themselves, leading to the public trying to take their money back from their respective banks. The same wealthy people that caused the panic decided they needed to protect themselves from future potential bank runs, this led to the creation of the Federal Reserve.
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Links and Resources:
The Panic of 1907 and the Birth of The Federal Reserve
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The Creature from Jekyll Island
https://archive.org/details/TheCreatureFromJekyllIslandByG.EdwardGriffin
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