The Panic of 1907 effectively ended when financiers J.P. Morgan and John D. Rockefeller backed failing banks and prevented the city of New York from going bankrupt.

Read Part 1, Part 2, Part 3, Part 5, and Part 6 of this story. It was the fall and winter of 1907. The country, especially New York, was still reeling from a financial crisis called the Panic of 1907, ...

We always had private money, We only stopped having it when the government got overbearing, like in 1907. Bitcoin points back to the old, better way. ... Today’s is the Panic of 1907, ...

Over a three-week period after the panic began on Oct. 22, 1907, the New York Stock Exchange plummeted nearly 50% from its 1906 peak. And a year later, in 1908, Gross National Product ...