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0 reviewsThis book begins with a great narrative account of the events of the panic, largely focussing on the elderly J.P. Morgan and his heroic efforts to stem the disaster. The last few chapters then
step back to analyze the causes of financial panics and demonstrate some parallels between 1907 and the current economic crisis.
It reads as if, in light of current events, the publisher decided to glue an academic paper to the end of a finished pop-history book. A more skillful account might have woven this analysis seamlessly into the narrative, or better yet, dispensed with the economics-light lesson entirely. While parallels to our economy one hundred years later certainly exist (e.g. disaster after a period of great economic growth and an abundance of credit) they stand out only in the most coarse analysis of events & causes.
