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Working Paper

The Panic of 1907

This paper summarizes the academic literature on the Panic of 1907 in the United States. Despite over 100 years of separation, research by financial economic historians continues to uncover important data and underexploited connections between institutions to improve present day understanding of a watershed economic event—one that preceded the successful movement to establish a central bank in the United States in 1913.

Suggested Citation

Tallman, Ellis W. 2012. “The Panic of 1907.” Federal Reserve Bank of Cleveland, Working Paper No. 12-28.