1907 Panic
 | |
| Date | October 1907 - November 1907 |
|---|---|
| Description | John D. Rockefeller and J. P. Morgan conspired to remove opposition to control of the US money system by the money trust. |
| Perpetrators | The money trust, John D. Rockefeller, J. P. Morgan |
The 1907 Panic was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year. "Oakleigh Thorne and the Trust Company of America were brought to their knees and placed at the mercy of J. P. Morgan himself."[1]
Origins
Antony Sutton wrote in The Federal Reserve Conspiracy that the 1907 panic was an planned effort to remove opposition to control of the US money system by the money trust.[2] He cites another quote "that the 1907 panic was precipitated by the struggle to get rid of Heinze."[3]
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