October 22, 1907
A run on the stock of the Knickerbocker Trust Company sets events in motion that will spark the Panic of 1907.
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Commentary
On October 22, in the year 1907:
A run on the stock of the Knickerbocker Trust Company sets events in motion that will spark the Panic of 1907.
The Panic of 1907, also known as the 1907 Bankers' Panic or Knickerbocker Crisis, was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange suddenly fell almost 50% from its peak the previous year.
Why October 22, 1907 matters:
A run on the stock of the Knickerbocker Trust Company sets events in motion that will spark the Panic of 1907.
What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards.
Historical context: October 22, 1907
The 20th century brought rapid advances in health, communication, science, and technology that reshaped everyday human experience.
The event on this day: A run on the stock of the Knickerbocker Trust Company sets events in motion that will spark the Panic of 1907.
Source: https://en.wikipedia.org/wiki/Panic_of_1907 (Wikipedia, CC BY-SA)
Sources: Wikipedia (CC BY-SA)
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