1907: The Bank Panic

Let’s talk about the short banking crisis that marked the beginning of the 20th century.

Similar to past crashes, the Panic was the result of excessive speculative investments

That means extremely high-risk investments that are often purchased with borrowed money!

This led the masses to withdraw their money from banks, otherwise known as a Bank Run

Leading finance companies like J.P. Morgan bailed out the suffering financial institutions and held a controversial meeting to build the Federal Reserve

At Jekyll Island, these Wall Street leaders created the foundations of the Federal Reserve to ensure the government had more responsibility over financial markets

Test your knowledge

A bank run is when. . .

Choose an option

Excessive speculative investments are (a) purchased with (b)

Choose an option

The Federal Reserve was planned by. . .

Choose an option

What's next?

1987: Black Monday Crash

Let’s talk about the crash that sparked fears of a second Great Depression across the globe.

2000: Dotcom Bubble Burst

Let’s talk about the Bubble burst that marked the beginning of the 2000s that took 15 years to heal from.

2008: Financial Crisis

1907: The Bank Panic

Let’s talk about the short banking crisis that marked the beginning of the 20th century.

Test your knowledge

A bank run is when. . .

Excessive speculative investments are (a) purchased with (b)

The Federal Reserve was planned by. . .

What's next?

Let’s talk about the crash that sparked fears of a second Great Depression across the globe.

Let’s talk about the Bubble burst that marked the beginning of the 2000s that took 15 years to heal from.

Let’s talk about the next crash that triggered the Great Recession as the worst crisis in 8 decades.

Featured Lessons