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The Panic of 1907

 
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Author The Panic of 1907
HenryTo
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PostPosted: Sat Aug 18, 2007 12:43 pm    Post subject: The Panic of 1907 Reply with quote

From recollection, this is the only book that has been published (it will be released by the end of this month) that has strictly focused on "The Panic of 1907," even though a lot of ink has been spilled on this subject already:

http://www.amazon.com/gp/product/047015263X/ref=pe_pe_5050_6277590_pe_snp_63X
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rffrydr
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PostPosted: Mon Sep 28, 2009 5:54 pm    Post subject: Reply with quote

From abstract ownership of hard assets to abstraction of ownership itself, liabilities are fixed while assets have to be "interpreted":

Quote:
Such a shock occurred on October 16, 1907, when F. Augustus Heinze's scheme to corner the stock of United Copper Company failed. Although United Copper was only a moderately important firm, the collapse of Heinze's scheme, exposed an intricate network of interlocking directorates across banks, brokerage houses, and trust companies in New York City. Contemporary observers like O.M.W. Sprague (1910) believed that the discovery of the close associations between bankers and stockbrokers seriously raised the anxiety of already nervous depositors.


http://eh.net/encyclopedia/article/moen.panic.1907
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