Word: panic
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Dates: during 1920-1929
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...Loop's worst dives. Solution: He moved, paid more rent, still made his $10 serve. In 1907 came a really major trouble. Summoned to Manhattan to be assistant to the president of Trust Co. of America, Mr. Mitchell had hardly unpacked his grip when the Panic of 1907 arose to greet him. Solution: Skillful liquidation of Trust Co. investments, during which Mr. Mitchell gained experience later applied in the formation of his own investment company...
...then that Senator Glass first began to reflect upon "Mitchellism," its nature and evils). But in October Mr. Mitchell arrived home from Europe just in time to anticipate the greatest Market crash in history with a bullish pronouncement. When the banking consortium was formed to halt the panic, it was the House of Morgan that received most of the plaudits; furthermore the bankers did not precisely drop the panic in its tracks...
Thus did Confidence win its subtle race against Panic...
...intangible change in feeling which saved the U. S. from complete surrender to what could properly be called a Values Panic, but there was nothing intangible about the factors which had worked for the change. Behind the group of bankers who met day after day at No. 23 Wall Street there glittered the world's greatest single pool of liquid wealth. How wide, how deep it might be, none but they could tell, for no man outside the doors of No. 23 Wall Street knows the resources of the House of Morgan. Loosely, journalists spoke of a grand total...
...second time that Mr. Mitchell had arrived in Manhattan on the wings of panic. He took his first Manhattan job (with Trust Co. of America) just in time to cope with the Panic of 1907. He arrived home from Europe last week, just in time to utter bullish reassurances on the eve of the crash...