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

Re-live the financial panic of 1907 and apply its lessons to contemporary financeIn the newly revised third edition of The Panic of 1907: Heralding a New Era of Finance, Capitalism, and Democracy, a team of dedicated researchers delivers a groundbreaking new compilation of historical fact and compelling narrative that will be of significant interest to banking theorists, financial historians, and students of business and economics. You'll explore how and why a financial panic unfolds--through the lens of the 1907 crisis--and learn how to apply its lessons to the present day.In the book, you'll find:* The reasons why, despite a stronger monetary system and modern risk mitigation tools, modern institutions are not immune to future crises* Explanations of the contributions made by the Federal Reserve System created in 1913 in response to the Panic of 1907* An engaging and entertaining telling of an innately fascinating period in historyAn indispensable tale that belongs on the shelves of anyone with an interest in American or financial history, The Panic of 1907 is an expert retelling of one of the most compelling events of the last 200 years.