The Crisis Of 1907 In The Light Of History: Introduction To The Currency Problem And The Present Financial Situation (1908)

The Crisis of 1907 in the Light of History: Introduction to the Currency Problem and the Present Financial Situation is a book written by Edwin Robert Anderson Seligman in 1908. The book discusses the financial crisis that occurred in 1907, which was one of the worst financial crises in American history. Seligman provides an in-depth analysis of the crisis and its causes, as well as the response of the government and financial institutions. The book also delves into the broader historical context of the crisis, exploring the evolution of the banking system and the role of currency in the American economy. Seligman argues that the crisis was a result of the inadequacies of the banking system and the lack of a central banking authority. He also discusses the various proposals for reforming the banking system that were put forward in the aftermath of the crisis. Overall, The Crisis of 1907 in the Light of History is a comprehensive and insightful analysis of a pivotal moment in American financial history. It provides valuable insights into the workings of the financial system and the challenges that policymakers faced in responding to a crisis. The book remains relevant today as debates over financial regulation and central banking continue to shape the global economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.