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Panic of 1907

history Maturity 11-13

Long ago, banks had a big problem.

Knickerbocker trust company.jpg
Knickerbocker trust company.jpg
People got scared. They all wanted their money at once. This made the banks run out of cash. A man named J.P. Morgan helped. He used his own money to help. This made things better. Do you think money is important?

51 words
🖼️ Images & Media (8)
File:1907 Panic crop.png
1907 Panic crop.png
File:DowJones1904to1909.png
DowJones1904to1909.png
File:Curb market.jpg
Curb market.jpg
File:Knickerbocker trust company.jpg
Knickerbocker trust company.jpg
File:JP Morgan crop.jpg
JP Morgan crop.jpg
File:Stockexchange.jpg
Stockexchange.jpg
File:Bears on wall street 1907.jpg
Bears on wall street 1907.jpg
File:The Central Bank Morgan cartoon-1.png
The Central Bank Morgan cartoon-1.png
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📚 Content adapted from Wikipedia | Readability: FK 10.2 | Vital Level 5