Panic of 1901
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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.
See also
- Panic of 1819
- Panic of 1837
- Panic of 1857
- Panic of 1873
- Panic of 1884
- Panic of 1890
- Panic of 1893
- Panic of 1896
- Panic of 1907
- Panic of 1910-1911
- Great Depression
External Links and references
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