The Panic of 1907 av Robert F. (University of Virginia) Bruner, Sean D. (University of Washington) Carr

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<p><b>An authoritative "biography" of one of history''s great financial crises with enduring lessons about contemporary finance</b><p>In this newly-revised second edition, offering 50% entirely new material, The Panic of 1907: Heralding a New Era of Finance, Capitalism, and Democracy, delivers a groundbreaking examination of one of the most consequential crises in financial history. Deftly weaving historical evidence, insightful analysis, and compelling narrative, The Panic of 1907 explains how and why a financial panic unfolds, with lessons that can be applied to our understanding of present-day financial and monetary systems. In the book, you''ll find: <ul><li>The reasons why, despite today''s stronger monetary regime and risk-mitigation tools, our modern institutions are not immune to future crises</li><li>Explanations about the development of the United States'' Federal Reserve System, which was created in 1913 in direct response to the Panic of 1907</li><li>An engaging and enterta