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The Panic of 1901 was a stock market crash on the New York Stock Exchange caused in part by struggles between E. H. Harriman, Jacob Schiff, and J. P. Morgan/James J. Hill for the financial control of the Northern Pacific Railroad. The stock cornering was orchestrated by James Stillman and William Rockefeller's First National City Bank financed with Standard Oil money. After reaching a compromise, the moguls would form the Northern Securities Company, but not before thousands of small investors lost their savings. Black Monday (1987) on the Dow Jones Industrial Average A stock market crash is a sudden dramatic loss of value of shares of stock in corporations. ...
New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) , also nicknamed the Big Board, is the largest stock exchange in the world in dollar volume and second largest by number of companies listed. ...
Edward Henry Harriman (February 20, 1848 – September 9, 1909), better known as E. H. Harriman, was a wealthy railroad executive. ...
Jacob Schiff (January 10, 1847 – September 25, 1920) was a German-born New York City banker and philanthropist, who financed, among many other things, the Japanese military efforts against Tsarist Russia in the Russo-Japanese War. ...
J. P. Morgan John Pierpont Morgan I (April 17, 1837 – March 31, 1913) was an American financier and banker, who at the turn of the century, was one of the wealthiest men in America. ...
James Jerome Hill (September 16, 1838 – May 29, 1916), was a noted American and Canadian railroad tycoon. ...
Northern Pacific Railway Categories: Stub | Defunct railroad companies of the United States | Idaho railroads | Minnesota railroads | Montana railroads | North Dakota railroads | Oregon railroads | Washington railroads | Wisconsin railroads ...
William Rockefeller (May 31, 1841-June 24, 1922), American financier, was a cofounder of the prominent United States Rockefeller family. ...
Citibank was founded in 1812 as the City Bank of New York. ...
Standard Oil (1870–1911) was a large, integrated, oil producing, transporting, refining, and marketing organization. ...
Northern Securities Company was a large railroad conglomerate formed in 1901 by financiers J.P. Morgan, James J. Hill, J. D. Rockefeller, E. H. Harriman and others. ...
See also The Panic of 1819 was the first major financial crisis in the United States. ...
1840 Whig campaign poster blames Van Buren for hard times The Panic of 1837 was an economic depression, one of the most severe financial crises in the history of the United States. ...
The Panic of 1857 was a notable sudden collapse in the economy of the United States that occurred in 1857. ...
Run on the Fourth National Bank, No. ...
The Panic of 1884 was an acute financial crisis associated with a stock market crash caused by speculation. ...
The Panic of 1890 was an acute depression that was less serious than other panics of the era precipitated by the near insolvency of the Baring Brothers bank in London due mainly to poor investements in Argentina. ...
The Panic of 1893 was a serious decline in the economy of the United States that began in 1893 and was precipitated in part by a run on the gold supply. ...
The Panic of 1896 was an acute depression that was less serious than other panics of the era precipitated by a drop in silver reserves and market concerns on the effects it would have on the gold standard. ...
The Panic of 1907 was a relatively serious economic downturn in the United States caused by a New York credit crunch that spread across the nation and led to the closings of banks and businesses. ...
Great Depression was a worldwide economic downturn which started in 1929 (although its effects were not fully felt until late in 1930) and lasted through most of the 1930s. ...
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