Why Virgin Galactic Could Remind Us of J.P. Morgan

Debating billionaire power, we can compare J.P. Morgan in 1907 to the impact of Jeff Bezos, Richard Branson, and Elon Musk on space travel.

Greek Banks and the “Perfect Financial Storm”

Like New York’s Knickerbocker Bank in 1907 or Jimmy Stewart’s 1930s bank in It’s a Wonderful Life, the ingredients of a classic run include distraught depositors and rumors of a bank’s imminent demise. Lines are long, emotions are volatile and,…

October Stock Markets

During October 1907, when the stock market crashed and the banking system panicked, we had no central monetary authority. We just had J.P. Morgan. “Why don’t you tell them what to do, Mr. Morgan? (Belle da Costa Greene, J.P. Morgan’s…