New York Stock Exchange crash, trading interruptions, and recovery (October 1907)

1. United Copper corner attempt collapses

   Oct 16, 1907Labels: United Copper, Speculators

   • Fed History
   • Britannica
   • Wikipedia

2. Knickerbocker Trust loses clearing support

   Oct 21, 1907Labels: Knickerbocker Trust, Clearing House

   • Fed History
   • Wikipedia

3. Run forces Knickerbocker Trust to suspend

   Oct 22, 1907Labels: Knickerbocker Trust, Bank Run

   • Fed History
   • Wikipedia

4. Trust Company of America run begins

   Oct 23, 1907Labels: Trust Company, Bank Run

   • Fed History
   • Trust Co

5. Treasury deposits add cash to New York banks

   Oct 24, 1907Labels: U S, George B

   • EH net

6. Call money rate spikes and threatens NYSE trading

   Oct 24, 1907Labels: Call Money, NYSE

   • Fed History
   • EBSCO

7. NYSE considers early close; Morgan organizes rescue pool

   Oct 24, 1907Labels: J P, New York

   • Morgan Lib
   • Wikipedia
   • EBSCO

8. Second day of emergency call-loan support

   Oct 25, 1907Labels: Emergency Pool, Call Loans

   • EBSCO
   • Wikipedia

9. New York Clearing House authorizes loan certificates

   Oct 26, 1907Labels: New York, Loan Certificates

   • New Bagehot
   • SPMC

10. NYC trust-company withdrawals persist despite support

    Nov 6, 1907Labels: NYC Trusts, Depositors

    • Fed History
    • Trust Co

11. Aldrich–Vreeland Act creates National Monetary Commission

    May 30, 1908Labels: Aldrich Vreeland, National Monetary

    • Fed History
    • Congress

12. Federal Reserve Act establishes a central bank

    Dec 23, 1913Labels: Federal Reserve

    • Fed History
    • Senate