Two Idiots Almost Destroyed Wall Street in 1907. Here’s Why

Описание: In 1907, the financial system of the United States teetered on the edge of collapse. What started as a seemingly simple stock manipulation scheme by two men, F. Augustus Heinze and Charles Morse, spiraled into one of the most catastrophic financial disasters in American history. Known as the Wall Street Panic of 1907, this crisis triggered widespread panic, wiped out fortunes, and exposed the fragile state of an unregulated financial system.

In this video, we’ll dive deep into how Heinze and Morse’s reckless ambition brought the country to its knees, leading to a stock market crash, skyrocketing interest rates, and a chain of bankruptcies. We’ll explore their rise to power, their disastrous plan, and how J.P. Morgan stepped in to save the day. But their story didn’t end there—Morse’s eventual connection to the infamous Ponzi scheme, and the long-lasting impact of the panic, still echoes in modern financial crises.
Music credit:
Tom Fox - Waiting For A While (JHTNR2262)

***⌚️Timestamps:

0:00 - The Wall Street Panic of 1907
01:08 - A Song of Ice and Copper
06:36 - The Short Squeeze
10:02 - The Panic
13:29 - Saving the Country From Collapse
17:39 - Could It Happen Again?

Keywords:
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