The 1907 Panic How J P Morgan Saved America and Created the Federal Reserve

Описание: In 1907, the U.S. economy faced its most terrifying financial crisis yet—banks collapsed, people panicked, and the country was on the verge of economic ruin. But in the chaos, one man stepped in to prevent total disaster: J.P. Morgan. This is the story of how a private banker saved the American financial system and set the stage for the creation of the Federal Reserve in 1913. Explore the intense drama, decisions, and lasting impact of the 1907 Panic in this episode of Epic Era. How did this crisis reshape the future of American banking? And was the Federal Reserve the right solution? Let’s find out.
Step back in time to the financial chaos of New York City during the Panic of 1907! Discover how speculative investors' failed copper market scheme led to a nationwide banking crisis, causing public panic and bank collapses. Learn about J.P. Morgan's pivotal role in stabilizing the economy and how this crisis spurred the creation of the Federal Reserve. Explore the economic conditions, key events, and lasting impact of this monumental financial disaster. Don't miss this in-depth look at a turning point in American financial history!

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OUTLINE:
00:00:00 Introduction
00:00:34 The 1907 Panic & Birth of the Federal Reserve
00:00:47 The Panic Begins
00:01:21 Enter J.P. Morgan—The Nation’s Last Hope
00:02:03 The Aftermath and Birth of the Federal Reserve
00:02:37 A Legacy That Endures
00:03:13 Outro Scene