A Failure of Regulation? Reinterpreting the Panic of 1907
Bibliographic Data
| ID | 9628636 |
|---|---|
| Authors | Bradley A Hansen (corresponding author) |
| Year | 2014 |
| Volume | 88 |
| Issue | 3 |
| Pages | 545-569 |
| Publication date | 2014-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Business History Review (JOURNAL) |
| Journal identifiers | ISSN: 0007-6805 • E-ISSN: 2044-768X |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0007680514000439 |
| OpenAlex | W2146241490 |
| Language | EN |
| Citations received | 4 |
| References cited | 22 |
Lax regulation enabled trust companies to take excessive risks, according to previous studies of the Panic of 1907, leading to a loss of confidence and massive runs. These studies have, however, given relatively little attention to the historical development of trust companies. This article argues that a more historical perspective can lead to a better understanding of the institutional framework and the actions of trust companies. Depositors did not lose confidence because of inadequate regulation; depositors lost confidence in specific trust companies because of false rumors, and diversity among trust companies hindered cooperation to halt the Panic
Business · Diversity (politics · Economics · Law and economics · Panic · Perspective (graphical · Political science · Psychiatry · Historical Economic and Social Studies · Law · Psychology
Banking Panics of the Gilded Age
The Monied Metropolis
The Return of Depression Economics and the Crisis of 2008
Eastern Financiers and Institutional Change
Life Insurance and Investment Banking at the Time of the Armstrong Investigation of 1905-1906
The Bank Panic of 1907
Economic History and Economic Policy
Tontine Insurance and the Armstrong Investigation
Remeasuring Business Cycles
Benjamin Strong, Central Banker
Trust Companies and Financial Innovation, 1897–1914
Clearinghouse Membership and Deposit Contraction during the Panic of 1907
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,44 |
| Citation span | 2017 - 2023 (7) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |