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In October 1907, the failed attempt to corner the market on the United Copper Company's stock led to a string of bank runs and a national panic. The failure of numerous banks and trusts, particularly the Knickerbocker Trust Company in New York, led to a crisis of faith in the banking system throughout the United States. Although the economic repercussions were quelled quickly, the panic transformed the way in which Americans viewed the banking system and the fundamental principles by which it was governed. This web site seeks to explore the events leading up to the Panic, the relevance of specific events and economic trends, and the significance of the Panic as it relates to the current financial crisis. This site exhibits a timeline of events, list of important figures, series of pictures and cartoons, and the following papers listed below:
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The Center for History and Economics is not responsible for the All content (c) 2010 President and Fellows of Harvard University. |