In the early morning hours of January 5, 1907, the New York stock market was abuzz with activity as investors anxiously awaited the release of the weekly bank statement. Little did they know, this innocuous piece of data would spark a frenzy of selling that would shake the very foundations of the financial world. As the statement made its way into circulation, ‘heavily profit-taking sales’ swept the market, leaving a trail of devastated investors in its wake.
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Key Facts
- State: National
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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