Read By: Jay Snyder

Why do markets crash and bank panics happen? Conventional wisdom has
gathered, like iron filings, at two intellectual poles: at one extreme
is a hodge-podge of idiosyncratic, period-specific causes and at the
other is a host of all-encompassing "single bullet" theories.

In The Panic of 1907, authors Robert Bruner and Sean Carr offer an alternate
perspective through a detailed narrative of one of the worst crises
in modern financial history - one which ultimately transformed the American
financial system and resulted in the establishment of the modern Federal
Reserve.

Drawing from rare source materials, Bruner and Carr take you day by
day through the crisis in 1907, revealing what happened, why it matters,
and what we can learn from it. Beginning with a catastrophic earthquake
in San Francisco and culminating in the shocking suicide of the deposed
president of one of New York's leading financial institutions, this
book will draw you into the central issues surrounding the panic of
1907.

Download File Size:120.4 MB

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