In commenting on your papers about regulation and stimulation, I mentioned the Panic of 1907. Click here to read a summary of the book as well as view a short video. The authors describe the time errily similar to today, one hundred years later. I have not read this one yet but it looks like the authors do a good job of painting larger than life real world humans that had a hand in creating and calming this crisis.
The trusts decribed in the book would be simillar to today’s hedge funds. In the video note that Morgan demands to see the books, then as now, accounting is key to understanding business health.
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