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Picture No 10221370
Date October 1907
Description People facing ruin from bank failure in the Panic 1907
Details

In the summer of 1907, the American economy was showing signs of weakness as a number of business and Wall Street brokerages went bankrupt. In October, the respected Knickerbocker Trust in New York City and the Westinghouse Electric Company both failed, touching off a series of events known as the Panic.
Source Drawn by Max Cowper in 'The Illustrated London News', 2 November 1907
Credit © Illustrated London News Ltd/Mary Evans
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