1 of 1 people found the following review helpful
Good qualitative description of a banking panic,
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This review is from: The Panic of 1907: Lessons Learned from the Markets Perfect Storm (Hardcover)
I am an academic economist who is currently teaching undergrads about the banking crisis, although this is not my speciality. Having read lots of books on crises in preparation for my teaching, I would say that this is one of the clearer descriptions of a crisis and would be a good introduction for students, especially as something to read over the vacation before taking the course (if any students do that any more).
This would also be a good book for a general reader who wanted to know something about banking crises and 1907 in particular. There is not much financial detail and so it would be easily accessible. Having said that, it is well referenced, so would be a good resource for further research: there is a good combination of scholarship and readability.
From a UK perspective, where crises have been dealt with by the Bank of England, it is interesting to see what happens in the absence of a central bank (as was the case in the USA in 1907).