This paper summarizes and compares the events associated with two financial crises separated by 100 years, occurring in 1907 and 2007-2009. The dynamics of both crises have much in common. The commonalities inform and enrich the theories and research on the dynamics of financial crises. And they...

If confronted with a major financial crisis in the first year (2017) of his or her first term, what should the new President do? This essay explores the history of some of the financial crises in the United States and offers lessons for the new administration to help it prepare for such events...

The Great Crash of 1929 ranks as one of the climactic economic events of the last 100 years. It raises important questions at the heart of understanding many financial crises. Why did the "Roaring 20s" roar? Was the boom in equities a "bubble"? What caused the sudden reversal in the fall of...

In 1720, Britain and France convulsed in the South Sea and Mississippi bubbles. Manias and crashes have stalked financial markets ever since, demonstrating the profound difficulty of preventing or mitigating them. Conventional narratives depict the crises as the product of hubris, folly, and...

"The "Panic of 1907," as it was called, is considered the third worst stock market crash in history. Historians say it lasted from January 19, 1906, through November 15, 1907. The market crash was primarily caused by a credit crunch in New York that slowly spread across the country. To try to...