How J. P. Morgan Picked the Winners and Losers in the Panic of 1907: An Exploration of the Individual over the Institution as Lender of Last Resort
The actions taken by J. P. Morgan during the Panic of 1907 reveal how a skilled leader can dominate those of formal institutions during the resolution of a financial crisis. First, we examine how Morgan coordinated emergency liquidity infusions during the Panic in the absence of a formal lender of...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Economic & Business History Society
2022-10-01
|
| Series: | Essays in Economic and Business History |
| Subjects: | |
| Online Access: | https://www.ebhsoc.org/journal/index.php/ebhs/article/view/491 |