The Panic of 1907 (2nd Edition)

Heralding a New Era of Finance, Capitalism, and Democracy

By: Robert F. Bruner, Sean D. Carr

Narrated by: Bob Johnson

An authoritative "biography" of one of history's great financial crises with enduring lessons about contemporary finance

In this newly revised second edition, offering 50% entirely new material, The Panic of 1907: Heralding a New Era of Finance, Capitalism, and Democracy, delivers a groundbreaking examination of one of the most consequential crises in financial history. Deftly weaving historical evidence, insightful analysis, and compelling narrative, The Panic of 1907 explains how and why a financial panic unfolds, with lessons that can be applied to our understanding of present-day financial and monetary systems. In the book, you'll find: the reasons why, despite today's stronger monetary regime and risk-mitigation tools, our modern institutions are not immune to future crises; explanations about the development of the United States' Federal Reserve System, which was created in 1913 in direct response to the Panic of 1907; and an engaging and entertaining account of an innately fascinating period in financial and economic history, with remarkable leaders and a gallery of rogues.

An indispensable tale that belongs on the shelves of anyone with an interest in American or financial history, The Panic of 1907 is an expert retelling of one of the most important, but least well-known crises of the last 200 years.

©2023 Robert F. Bruner and Sean D. Carr (P)2023 Ascent Audio

What a fantastic breakdown and story of the panic of 1907!

The authors put together a perfect mix between academic data and great storytelling! I really enjoyed this book. I think you will too.

Wonderful and thorough!

Wonderful and thorough explanation of the 1907 crisis. Meticulous work by the authors! Many thanks for the book and lessons it conveys

Outstanding recap of what led to the panic of 1907. Here in 2026 the situation seems comparable.

Nothing. The facts and figures might turn some off but we’re so important! Outstanding recap of what led to the panic of 1907. Here in 2026 the situation seems comparable.