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17-09-2015
History

Answered

Why did the panic of 1907 happen?

Why did big businesses start to lose stock if the economy was doing so well?

Verified Answer :

HistoryGuy HistoryGuy

27-09-2015

The primary cause of the Panic of 1907 was that banks and investors lost faith in the economic means and credit of many investors, and pulled a lot of money out of the money supply, causing people "run on the banks" and withdraw their funds.

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