Chapter
The Gilded Age of Banking
Private banking, the Morgan model, and the Panic of 1907.
3 entries · Chronological order
Log in to track your progress through this chapter
1
Private Banking
1838 CEInstitutional FormThe partnership-based model of relationship lending where a banker's personal reputation served as the foundation of credit
→
2
J.P. Morgan
1837 CEFinancier who pioneered relationship-based private banking and orchestrated the rescue of the U.S. financial system in 1907
→
3
The Panic of 1907
1907 CEA severe financial crisis triggered by a run on trust companies that led to the creation of the Federal Reserve
→