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Notes on video lecture:
The Panic of 1907
Choose from these words to fill the blanks below:
Morgan, cascade, macroeconomics, Victorian, failures, Keynes, Reserve, 1914, copper, intervened, interdependence, unstable, recessions, society, support, one, prescient, lender, rapid, dollar, prevent, magnates, 1907, stop, trust, commodity, gold, European
the late 19th century saw increasing troubles in the core                  nations, and in the United States
the economy of the                    boom began to falter
1873-1896 global and near-global                     
had the capacity to skip from society to               
the weaknesses of the model of                                began to show
interdependence affected the ability of governments to          the problems from spreading
this was not new but became more            at the end of the 19th century
John Maynard              (1883-1946)
British economist whose ideas fundamentally changed the theory and practice of                              and the economic policies of governments
August         , wrote essay in Economic Journal
worried about the world's ability to survive a major crisis, a                    article
the world economy faced two kinds of problems:
1. the          standard that had served as a ballast for the system, restricted the ability of governments to deal with currency pressures, was very rigid
2. private banks were so large in proportion to the amount of money in circulation, that a run on any bank could                into a full-blown financial crisis
if        bank failed, it could bring down the entire system
The Panic of         
a United States financial crisis that took place over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year
panic occurred, as this was during a time of economic recession, and there were numerous runs on banks and            companies
began with a few bond                 
collapse in                    prices
started with the price of              that was being traded internationally
the United Copper Company tried to corner the copper market
the loans that the banks issued to the company failed
then the banks became                 
led to a run on stocks
pressure on the American             
led to the failure of the Knickerbocker Trust Company—New York City's third-largest trust
there was no central authority to intervene to put an end to the panic
it fell to the                  of Wall Street to solve it
J. P.              (1837–1913)
the panic might have deepened if he hadn't                     
pledged large sums of his own money, and convinced other New York bankers to do the same, to shore up the banking system
put together a major infusion of liquidity, became a "             of last resort"
pumped in 23 million dollars in the New York stock exchange
bought up New York City bonds
led to a series of discussions on ways to                these kinds of financial panic situations in the future
1913 the approval of the Federal                Act
considered if free markets needed                to prevent them from ruining their own fortunes

Spelling Corrections:

Columbus and the New World
1500-1700 Indian Ocean Trading system
Da Gama, Pepper and World History
Portuguese Indian Ocean Empire
16th Century Colonialism Fueling European Violence
Global Food: European Sugar, Caribbean Plantations, African Slaves
16th and 17th Century Merchant Trading Companies
17th Century Interdependence of Trade and Investment
Francis Drake and Mercantilist Wars
The Apex and Erosion of the Mughal Empire
The Treaty of Westphalia as the Hinge of Modern History
The Influence of Silver on the Ming Dynasty
Political Reverberations of Ming Consolidation
18th China Resurgent as Qing Dynasty
18th Century Tea Trade, Leisure Time, and the Spread of Knowledge
Cook and Clive: Discoverers, Collectors and Conquerors of the Enlightenment
Strains on the Universality of the Enlightenment
The Enlightenment, Empire, and Colonization: Burke vs. Hastings
Enlightenment or Empire
18th Century Land Grabbing
The Industrial Revolution and the Transition of Non-Renewable Energy
The Seven Years' War and Colonial Revolutions
Napoleon, Spain, the Colonies, and Imperial Crises
Human Rights and the Meaning of Membership within Societies
Napoleon, New Nations, and Total War
The Ottoman Empire's 19th Century Tanzimat Reform
The Early 19th Century Market Revolution
The Global Upheavals of the Mid-19th Century
The Train, the Rifle, and the Industrial Revolution
Transition in India: Last of the Mughals
The Indian Rebellion of 1857 and Its Ramifications
Darwin's Effect on 19th Century Ideas
Factors Which Led to the Solidifying of Nation States
1868 Japan: The Meiji Restoration
1871: Germany Becomes a Nation
North American Nation-Building
19th Century Changing Concepts of Labor
The Benefits of Comparative Advantage
Migration after the Age of Revolutions
Creating 19th Century Global Free Trade
The Expanding 19th Century Capitalist System
The Second Industrial Revolution
The Closing of the American Frontier
Africa's Second Imperial Wave
Early 20th Century American Imperialism
1894-1905: Japan's Imperial Wave in Asia
Rashid Rida and 19th Century Islamic Modernization
19th Century Pan-Islam and Zionism Movements
19th Century Global Export-Led Growth
Indian Wars and Mass Slaughter of Bison
The Suez Canal's Effect on the Malayan Tiger
1890-1914: Savage Wars of Peace
1900-1909: Russian and Turkish Dynasties
1899-1911 The End of the Qing Dynasty
The 1910 Mexican Revolution
The Panic of 1907
Turn-of-the-Century Civilization and its Discontents
20th Century Questioning of Reason
Late 19th Century Anxieties of Race
The First World War
The End of WWI and the Attempt at Global Peace
The Influenza Pandemic of 1918-1919
The Wilson-Lenin Moment
1919 Self-Determination Movements in India
Post-WWI European Peace and Global Colonial Upheaval
1929 Economic Collapse
Changes in Capitalism between the Wars
1918-1945 Rethinking Economies