Faculty News

Professor Richard Sylla is interviewed about the Panic of 1907, the Great Depression, and John Pierpont Morgan's role in the economic system

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Excerpt from Real Vision -- "Morgan had all these bright young partners and he sent them out to inspect the books of all the trust companies that were suffering from these runs and what he wanted to do was find out which of them were sound and which were not sound and then once he knew which ones were sound, he would organize the resources to relieve them and let the unsound ones fail and that would presumably bring an end to the crisis, so that was the first step..."

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