Mon 19 Nov 2007
The BigPicture has another book available for a free chapter or three… this time it’s for The Panic of 1907.
The 1907 market panic tends to be forgotten with the great depression following 20 years later, but it was a time of great stories and great events. From Mr. Big Picture’s intro:
I found the book, published exactly a century after the original event, to have some rather interesting parallels to today.
The significance of the 1907 Panic as an economic event went far beyond the mere crash and recovery. It eventually led to the creation of the U.S. Federal Reserve.