Panic on Wall Street: A History of America's Financial Disasters |
Contents
| 8 | |
| 32 | |
The Western Blizzard of 1857 | 77 |
The Circus Comes to Town 186569 | 115 |
Crisis of the Gilded Age 1837 | 154 |
Grants Last Panic 1884 | 197 |
Grover Cleveland and the Ordeal of 189395 | 230 |
The Struggle of the Titans The Northern Pacific Corner of 1901 | 273 |
The Knickerbocker Trust Panic of 1907 | 297 |
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Common terms and phrases
American April August bankers bankruptcy began Biddle bonds brokers bull market buying capital Central R.R. Cleveland Closing Prices fractions Commodore continued cotton crash crisis currency decline depression dollars Drew Duer E. H. Harriman early economic Erie Europe European exports failure farmers Federal Reserve fell firm Fisk foreign funds Grant Grant & Ward Grover Cleveland Harriman Herald Hone important investment investors J. P. Morgan January July Kennedy loans major million months nation Nicholas Biddle Northern Pacific October panic percent period Philip Hone President Prices fractions rounded PRICES OF SELECTED purchase railroad reported rise Roosevelt rose Schiff securities seemed SELECTED ISSUES sell September shares silver situation sold Source Specie Circular speculation stock market thought tion trading Treasury Trust Company U.S. Steel Union Pacific United Vanderbilt Wall Street Ward week Western Union William William Duer wrote York banks York Central York Stock Exchange
Popular passages
Page 52 - The paper system being founded on public confidence and having of itself no intrinsic value, it is liable to great and sudden fluctuations; thereby rendering property insecure and the wages of labor unsteady and uncertain. The corporations which create the paper money cannot be relied upon to keep the circulating medium uniform in amount.
Page 39 - The banks lent out their notes to speculators; they were paid to the receivers, and immediately returned to the banks, to be lent out again and again, being mere instruments to transfer to speculators the most valuable public land, and pay the government by a credit on the books of the banks. Those credits on the books of some of the western banks, usually called deposits...