Table of Contents
Foreword ix
Acknowledgments xiii
Prologue xv
Introduction 1
Chapter 1 A Buoyant Decade, a Fragile System, and Some Leaders at Its Apex 15
Chapter 2 A Shock to the System 31
Chapter 3 The “Silent” Crash 39
Chapter 4 Credit Crunch 53
Chapter 5 Copper King 65
Chapter 6 The Corner and the Squeeze 73
Chapter 7 Falling Dominoes 83
Chapter 8 Clearing House 91
Chapter 9 Knickerbocker 103
Chapter 10 A Vote of No Confidence 115
Chapter 11 A Classic Run 127
Chapter 12 Such Assistance as May Be Necessary 135
Chapter 13 Trust Company of America 145
Chapter 14 Crisis on the Exchange 155
Chapter 15 A City in Trouble 169
Chapter 16 Modern Medici 185
Chapter 17 Instant and Far- Reaching Relief 195
Chapter 18 Turning the Corner 209
Chapter 19 Ripple Effects 215
Chapter 20 Reckoning and a Split 229
Chapter 21 Money Trust 241
Chapter 22 A Central Bank 257
Chapter 23 The Changing Order 273
Chapter 24 Reflections and Lessons 297
Technical Appendix: Analysis of Trust Company Diversity and Deposit Runs 313
Notes 329
Bibliography 375
About the Authors 399
Index 401