Panic of 1910-1911
Encyclopedia
The Panic of 1910-1911 was a slight economic depression that followed the enforcement of the Sherman Anti-Trust Act. It mostly affected the stock market
and business traders who were smarting from the activities of trust busters, especially with the breakup of the Standard Oil Company.
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...
and business traders who were smarting from the activities of trust busters, especially with the breakup of the Standard Oil Company.
See also
- Van Schaick and CompanyVan Schaick and CompanyVan Schaick and Company was a mid-sized investment company that operated on the East Coast of the United States between 1857 and September 1911, when it fell victim to the Panic of 1910–1911. The company declared bankruptcy September 12, 1911 after it was unable to pay a bill of $100,000 out of a...
, one of several investment firms that failed during this period. - Great DepressionGreat DepressionThe Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...