People facing ruin from bank failure in the Panic of 1907, N
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People facing ruin from bank failure in the Panic of 1907, N
In the summer of 1907, the American economy was showing signs of weakness as a number of business and Wall Street brokerages went bankrupt. In October, the respected Knickerbocker Trust in New York City and the Westinghouse Electric Company both failed, touching off a series of events known as the Panic of 1907
Media ID 4396669
© Illustrated London News Ltd/Mary Evans
Bank Bankrupt Business Economy Electric Facing Failed Failure Knickerbocker Panic Respected Ruin Signs Touching Trust Westinghouse
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