The Crisis Of 1907 In The Light Of History

The Crisis of 1907 in the Light of History: Introduction to the Currency Problem and the Present Financial Situation, written by Edwin Robert Anderson Seligman in 1908, is a comprehensive analysis of the financial crisis that occurred in 1907. Seligman, a renowned economist and professor at Columbia University, provides an in-depth examination of the causes and consequences of the crisis, as well as its impact on the American economy and financial system.The book begins by providing a historical context for the crisis, tracing the evolution of the American financial system from the colonial period to the present day. Seligman then delves into the specific events that led up to the crisis of 1907, including the collapse of the Knickerbocker Trust Company and the panic that ensued.Seligman also explores the various responses to the crisis, including the actions of the federal government, the role of the banking system, and the efforts of private individuals and institutions to stabilize the economy. He provides a detailed analysis of the currency problem, which was a major factor in the crisis, and offers recommendations for reforming the financial system to prevent similar crises in the future.Overall, The Crisis of 1907 in the Light of History is a valuable resource for anyone interested in the history of American finance and economics. Seligman's thorough analysis and insightful commentary provide a comprehensive understanding of the crisis and its impact on the American economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.