The panic was triggered by the failed attempt in October 1907 to corner the market on stock of the United Copper Company.When this bid failed, banks that had lent money to the cornering scheme suffered runs that later spread to affiliated banks and trusts, leading a week later to the downfall of the Knickerbocker Trust Company—New York City's third-largest trust.
Panic of 1907 Nominator(s): JayHenry The most interesting, in my opinion, of the panics of the National Banking Era. I believe this meets all the criteria and is particularly timely as well.
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Panic of 1907 is a featured article; it (or a previous version of it) has been identified as one of the best articles produced by the Wikipedia community.Even so, if you can update or improve it, please do so.
1907 was a common year starting on Tuesday of the Gregorian calendar and a common year starting on Monday of the Julian calendar, the 1907th year of the Common Era (CE) and Anno Domini (AD) designations, the 907th year of the 2nd millennium, the 7th year of the 20th century, and the 8th year of the 1900s decade. As of the start of 1907, the ...
Carl Laemmle, later of Universal, experiments with combining audio from phonographs with film. Laemmle's experiments lead to the German development of "Syncroscope." Syncroscope had several successful demonstrations, but was eventually abandoned. Films released in 1907. 20,000 Lieues Sous les Mers; Aunt Eliza Recovers her Pet (French)
From Wikipedia, the free encyclopedia Daniel Boone; or, Pioneer Days in America is a 1907 American silent film directed by Wallace McCutcheon and Edwin S. Porter for the Edison Manufacturing Company. It starred Florence Lawrence, often called "the first movie star."
Panic is a sudden sensation of fear, which is so strong as to dominate or prevent reason and logical thinking, replacing it with overwhelming feelings of anxiety and frantic agitation consistent with an animalistic fight-or-flight reaction.
The Panic of 1901 was the first stock market crash on the New York Stock Exchange, caused in part by struggles between E. H. Harriman, Jacob Schiff, and J. P. Morgan/James J. Hill for the financial control of the Northern Pacific Railway.
Oct 09, 2008 · The Panic of 1907 was a six-week stretch of runs on banks in New York City and other American cities in October and early November of 1907. It was triggered by a failed speculation that caused the...
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