The Panic of 1907 – also known as the 1907 Bankers' Panic or Knickerbocker Crisis – was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year.
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Charles Tracy Barney (January 27, 1851 – November 14, 1907) was the president of the Knickerbocker Trust Company, the collapse of which shortly before Barney's death sparked the Panic of 1907.
The Panic of 1907, also known as the 1907 Bankers' Panic, was a financial crisis that occurred in the United States when the New York Stock Exchange fell close to 50 percent from its peak the previous year. Panic occurred during a time of economic recession, when there were numerous runs on banks and trust companies.
The Panic of 1907 – also known as the 1907 Bankers' Panic or Knickerbocker Crisis – was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year. Panic occurred, as this was during a time of economic recession, and there were numerous runs on banks and trust ...
The Panic of 1907, also known as the 1907 Banker's Panic, was a financial crisis in the United States caused by currency shortage in New York trust companies. Although some trust companies did go bankrupt, broad collapse of the banking industry was averted by the actions of a coterie of extremely wealthy Americans (among them J. P. Morgan and John D. Rockefeller) who personally maintained the ...
The Panic of 1907 was headed off by a private conglomerate, who set themselves up as "lenders of last resort" to banks in trouble.  This effort succeeded in stopping the panic, and led to calls for a Federal agency to do the same thing.
November 3 – President Roosevelt approves the takeover of the Tennessee Coal, Iron and Railroad Company by J. P. Morgan's U.S. Steel company in the wake of the panic of 1907. November 7 – Delta Sigma Pi (a co-ed professional business fraternity) is founded at the School of Commerce, Accounts and Finance of New York University in New York City.
Prior to a particularly severe panic in 1907, there was a motivation for renewed demands for banking and currency reform. The following year, Congress enacted the Aldrich–Vreeland Act which provided for an emergency currency and established the National Monetary Commission to study banking and currency reform.
Az 1907-es bankpánik (Panic of 1907), vagy más néven az 1907-es bankárpánik (1907 Bankers' Panic) Amerikában kialakult pénzügyi válság volt, amelynek során a New York-i értéktőzsdén az árak az előző évi csúcshoz képest majdnem 50%-ot estek.