“The Panic of 1907 Explained: How Two Men Almost Crashed Wall Street”
Автор: Historical Legacies
Загружено: 2025-12-30
Просмотров: 7
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What really caused the Panic of 1907—one of the most dangerous financial crises in U.S. history? This video explains how a reckless stock market scheme by two powerful men nearly crashed Wall Street, triggered bank runs, and pushed America’s economy to the brink.
Learn how the collapse of United Copper, the failure of Knickerbocker Trust, and rising fear across New York led to soaring interest rates, market chaos, and mass bankruptcies—until J.P. Morgan stepped in to stop total collapse. This crisis would later inspire the creation of the Federal Reserve and reshape modern banking forever.
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