The Knickerbocker Crisis: The Bank Run That Sparked 1907
Автор: The Coin Financials
Загружено: 2025-12-06
Просмотров: 4201
The Knickerbocker Crisis: The Bank Run That Sparked 1907
In October 1907, the US financial system died. A failed gambling scheme by a "Copper King" triggered a run on the Knickerbocker Trust Company, sending the entire economy into a terrifying freefall.
There was no Federal Reserve. No FDIC. No bailout fund. The government was helpless.
This is the story of the Panic of 1907, the crisis that forced J.P. Morgan,a 70-year-old semi-retired banker,to single-handedly save the United States. He locked the country's richest men in his library and refused to let them leave until they bailed out the system.
#History #Finance #Economics #JPMG #FederalReserve #Banking #Money #1907Panic #Documentary #thecoinfinancials
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