The Panic of 1907: Lessons Learned from the Market's Perfect Storm
"Before reading The Panic of 1907, the year 1907 seemed likea long time ago and a different world. The authors, however, bringthis story alive in a fast-moving book, and the reader sees howevents of that time are very relevant for today's financial world.In spite of all of our advances, including a stronger monetarysystem and modern tools for managing risk, Bruner and Carr help usunderstand that we are not immune to a future crisis."
—Dwight B. Crane, Baker Foundation Professor, HarvardBusiness School
"Bruner and Carr provide a thorough, masterly, and highlyreadable account of the 1907 crisis and its management by the greatprivate banker J. P. Morgan. Congress heeded the lessons of 1907,launching the Federal Reserve System in 1913 to prevent bankingpanics and foster financial stability. We still have financialproblems. But because of 1907 and Morgan, a century later we have arespected central bank as well as greater confidence in our moneyand our banks than our great-grandparents had in theirs."
"A fascinating portrayal of the events and personalities of thecrisis and panic of 1907. Lessons learned and parallels to thepresent have great relevance. Crises and panics are as much a partof our future as our past."
"Who would have thought that a hundred years after the Panic of1907 so much remained to be written about it? Bruner and Carr breaksignificant new ground because they are willing to do the heavylifting of combing through massive archival material to identifyand weave together important facts. Their book will be of interestnot only to banking theorists and financial historians, but also tobusiness school and economics students, for its rare ability toteach so clearly why and how a panic unfolds."
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LibraryThing ReviewUser Review - stringsn88keys - LibraryThing
I often hear comparisons of the recession/panic of 2008 with the Great Depression redirected to a comparison with the Panic of 1907.In terms of character, duration, and impetus, I would have to agree ... Read full review
Panic of 1907User Review - jaylac - Overstock.com
Ordering and receiving the book were no problem. Overstock did a good job on that. I also really love the book it was a lot of what I wanted and needed and will be very useful. Read full review
A City in Trouble
A Delirium ofExcitement
Instant and FarReaching Relief
Turning the Corner
Lessons Financial Crises as a Perfect Storm
The Subprime Crisis Commencing in 2007
contents Chapter 10 A Vote of No Confidence
A Classic Run
Such Assistance as May Be Necessary
Trust Company of America
Crisis on the Exchange