About: Panic of 1907

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Three-week financial crisis in the United States

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dbo:description
  • بحران مالی سه هفته‌ای در ایالات متحده آمریکا (fa)
  • crisis financiera de tres semanas en los Estados Unidos (es)
  • Finanzkrise in den USA (de)
  • Kepanikan Ekonomi di Amerika Serikat (in)
  • crise économique américaine (fr)
  • three-week financial crisis in the United States (en)
  • crisi finanziaria che ha avuto luogo negli Stati Uniti (it)
  • noin kuusi viikkoa kestänyt pankkikriisi Yhdysvalloissa (fi)
  • երեքշաբաթյա ֆինանսական ճգնաժամ ԱՄՆ-ում (hy)
  • 金融危機 (zh)
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dbp:align
  • right (en)
dbp:direction
  • horizontal (en)
dbp:events
  • 0001-11-01 (xsd:gMonthDay)
  • A bank run forces the Knickerbocker to suspend operations. (en)
  • Treasury Secretary George Cortelyou agrees to deposit Federal money in New York banks. Morgan persuades bank presidents to provide $23 million to the New York Stock Exchange to prevent an early closure. (en)
  • U.S. Steel completes takeover of TC&I. Markets begin to recover. Destabilizing runs at the trust companies do not begin again. (en)
  • Otto Heinze begins purchasing to corner the stock of United Copper. (en)
  • Heinze's corner fails spectacularly. Heinze's brokerage house, Gross & Kleeberg is forced to close. This is the date traditionally cited as when the corner failed. (en)
  • Moore & Schley, a major brokerage, nears collapse because its loans were backed by the Tennessee Coal, Iron & Railroad Company , a stock whose value is uncertain. A proposal is made for U.S. Steel to purchase TC&I. (en)
  • The Exchange suspends Otto Heinze and Company. The State Savings Bank of Butte, Montana, owned by Augustus Heinze announces it is insolvent. Augustus is forced to resign from Mercantile National Bank. Runs begin at Augustus' and his associate Charles W. Morse's banks. (en)
  • Crisis is again narrowly averted at the Exchange. (en)
  • Markets are closed for Election Day . (en)
  • A plan is finalized for U.S. Steel to take over TC&I. (en)
  • Morgan purchased $30 million in city bonds, discreetly averting bankruptcy for the city. (en)
  • The New York Clearing House forces Augustus and Morse to resign from all their banking interests. (en)
  • Charles T. Barney is forced to resign from the Knickerbocker Trust Company because of his ties to Morse and Heinze. The National Bank of Commerce says it will no longer serve as clearing house. (en)
  • President Theodore Roosevelt approves U.S. Steel's takeover of TC&I, despite anticompetitive concerns. (en)
  • J.P. Morgan persuades other trust company presidents to provide liquidity to the Trust Company of America, staving off its collapse. (en)
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  • John D. Rockefeller, George B. Cortelyou, Lord Rothschild and James Stillman, some of the best-known names on Wall Street. They tried to restore confidence in the economy. (en)
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  • Cortelyou-george-bruce.jpg (en)
  • James J. Stillman.jpg (en)
  • Nathan rothschild.jpg (en)
  • Zoomed John D. Rockefeller.jpg (en)
dbp:title
  • Timeline of panic in New York City (en)
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  • 420 (xsd:integer)
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dbp:years
  • 0001-10-14 (xsd:gMonthDay)
  • 0001-10-16 (xsd:gMonthDay)
  • 0001-10-17 (xsd:gMonthDay)
  • 0001-10-20 (xsd:gMonthDay)
  • 0001-10-21 (xsd:gMonthDay)
  • 0001-10-22 (xsd:gMonthDay)
  • 0001-10-23 (xsd:gMonthDay)
  • 0001-10-24 (xsd:gMonthDay)
  • 0001-10-25 (xsd:gMonthDay)
  • 0001-10-27 (xsd:gMonthDay)
  • 0001-10-29 (xsd:gMonthDay)
  • 0001-11-02 (xsd:gMonthDay)
  • 0001-11-03 (xsd:gMonthDay)
  • 0001-11-04 (xsd:gMonthDay)
  • 0001-11-05 (xsd:gMonthDay)
  • 0001-11-06 (xsd:gMonthDay)
dct:subject
gold:hypernym
rdfs:label
  • Panic of 1907 (en)
  • الذعر المصرفي الأمريكي 1907 (ar)
  • Panik von 1907 (de)
  • Pánico financiero de 1907 (es)
  • Kepanikan tahun 1907 (in)
  • Panique bancaire américaine de 1907 (fr)
  • 1907年恐慌 (ja)
  • Panico del 1907 (it)
  • 1907년 공황 (ko)
  • Panika roku 1907 (pl)
  • Paniek van 1907 (nl)
  • Pânico financeiro de 1907 (pt)
  • Банковская паника 1907 года (ru)
  • Paniken 1907 (sv)
  • 1907年恐慌 (zh)
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