Human Behavior and The Panic of 1907

Posted on

I recently wrote a post about a book I really liked called America‚Äôs Bank, by Roger Lowenstein. The book talks about the formation of the Federal Reserve, and the events that led to it. One of the major catalysts that started the process of banking reform was the Panic of 1907. What Caused the Panic of 1907? Basically, the Panic of 1907 was caused by a classic run on the bank, leading to the failure of the Knickerbocker Trust company […]