The Panic of 1907 - Heralding a New Era of Finance , Capitalism, and Democracy

The Panic of 1907 is a revised and updated biography of a significant financial crisis with lessons about contemporary finance. It explains how and why a financial panic unfolds, with insights that can be applied to our understanding of modern financial and monetary systems. The book also explores the development of the Federal Reserve System and the remarkable leaders and rogues of the period.

Format: Hardback
Length: 432 pages
Publication date: 16 March 2023
Publisher: John Wiley & Sons Inc

In this extensively revised and updated second edition, featuring a remarkable 50% entirely new content, "The Panic of 1907: Heralding a New Era of Finance, Capitalism, and Democracy" emerges as a groundbreaking exploration into one of the most significant financial crises in history. Skillfully interweaving historical evidence, insightful analysis, and captivating narrative, the book delves into the intricate mechanisms that give rise to a financial panic, offering valuable lessons that can be applied to our understanding of contemporary financial and monetary systems. Within its pages, readers will discover:

The reasons why, despite the presence of a stronger monetary regime and risk-mitigation tools, our modern institutions remain vulnerable to future crises.

Explanations regarding the establishment of the United States Federal Reserve System, which was established in 1913 as a direct response to the Panic of 1907.

An engaging and entertaining account of a truly fascinating period in financial and economic history, featuring remarkable leaders and a gallery of rogues.

An indispensable tale that deserves a place on the shelves of anyone with an interest in American or financial history, "The Panic of 1907" serves as an expert retelling of one of the most important, yet least well-known crises of the past two centuries.

Weight: 808g
Dimension: 159 x 236 x 34 (mm)
ISBN-13: 9781394180271