1 day ago · The Panic of 1907 convinced many Americans of the need to establish a central banking system, which the country had lacked since the Bank War of the 1830s.
- An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes
- [63-43 Pub.L. 63–43]
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1 day ago · Westinghouse remained a captain of American industry until 1907, when the financial panic of 1907 led to his resignation from control of the Westinghouse company. By 1911, he was no longer active in business, and his health was in decline.
1 day ago · A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms.
1 day ago · The City of New York came to Green for loans to keep the city afloat on several occasions, most particularly during the Panic of 1907; she wrote a check for $1.1 million and took her payment in short-term revenue bonds. Keenly detail-oriented, she would travel thousands of miles alone—in an era when few women would dare travel unescorted—to ...
1 day ago · The Baring crisis or the Panic of 1890 was an acute recession. Although less serious than other panics of the era, it is the nineteenth century’s most famous sovereign debt crisis, and the 17th largest decline in U.S. stock market history.
22 hours ago · The Danish state bankruptcy of 1813 was a domestic economic crisis that began in January 1813 and had consequential effects until 1818. As Denmark struggled with the financial burden that the Napoleonic wars had on the economy, the devaluation of the currency had negative effects on merchants, citizens and businesses alike.
For more guidance, see Wikipedia:Translation. Demonstration against the crisis and high youth unemployment in Madrid, 15 May 2011. The 2008–2014 Spanish financial crisis , also known as the Great Recession in Spain   or the Great Spanish Depression , began in 2008 during the world financial crisis of 2007–08 .
22 hours ago · The Amsterdam banking crisis of 1763 in the Netherlands followed the end of the Seven Years' War.At this time prices of grain and other commodities were falling sharply, and the supply of credit dried up due to the decreased value of collateral goods.