Panic of 1907

The Panic of 1907 was a financial panic in which the New York Stock Exchange fell almost fifty percent from its peak from the previous year, ultimately precipitating a run on banks and causing some to fail; a direct precursor to the Federal Reserve Act of 1913.

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  • Depressions -- 1907
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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102