International market reactions, capital flows, and gold movements during the panic (1907–1908)

1. San Francisco earthquake triggers gold outflows

   Apr 18, 1906Labels: San Francisco, Gold outflows

   • Britannica
   • Fed History
   • Sprague FRASER

2. U.S. recession begins amid tightening credit

   May 1, 1907Labels: U S, NBER peak

   • NBER Dates
   • Fed History

3. United Copper corner attempt collapses

   Oct 16, 1907Labels: United Copper, Stock corner

   • Fed History
   • Sprague FRASER

4. Knickerbocker Trust suspends operations

   Oct 22, 1907Labels: Knickerbocker Trust, Bank run

   • Fed History
   • Sprague FRASER

5. Treasury deposits government funds in banks

   Oct 24, 1907Labels: U S, George Cortelyou

   • Treasury Hist
   • Sprague FRASER

6. New York banks restrict cash withdrawals

   Oct 26, 1907Labels: New York, Cash restrictions

   • Fed History
   • Sprague FRASER

7. Clearing House authorizes loan certificates

   Oct 26, 1907Labels: Clearing House, New York

   • Fed History
   • Sprague FRASER

8. Currency premium encourages gold imports to New York

   Nov 1, 1907Labels: Currency premium, Gold imports

   • Fed History
   • Sprague FRASER

9. Bank of England raises Bank Rate to 7%

   Nov 7, 1907Labels: Bank of, Bank Rate

   • Clapham snippet
   • Sprague FRASER

10. Gold inflows help stabilize financial markets

    Nov 15, 1907Labels: Gold inflows, New York

    • Fed History
    • Sprague FRASER

11. Knickerbocker Trust reopens after reorganization

    Mar 1, 1908Labels: Knickerbocker Trust, Reopening

    • Fed History
    • Knickerbocker

12. Aldrich–Vreeland Act becomes law

    May 30, 1908Labels: Aldrich Vreeland, National Monetary

    • Aldrich Vr
    • NMC

13. U.S. recession trough ends contraction

    Jun 1, 1908Labels: Recession trough, Economic recovery

    • NBER Dates
    • Fed History