“The Panic of 1907: JP Morgan, Bank Runs, and the Future of Finance"
In this video, I explore the Panic of 1907, a financial crisis that rocked the United States and led to a bank run on the Knickerbocker Trust Company. I examine the factors that contributed to the crisis and the role of JP Morgan, a prominent banker, and financier, in stabilizing the financial system. I also draw parallels between the events of 1907, the recent struggles of Silicon Valley Bank and Silvergate, and the rise of cryptocurrency and artificial intelligence. I discuss practical steps that everyday people like me and you can take to succeed in the changing economic landscape and advocate for responsible AI development.
In this video, I explore the Panic of 1907, a financial crisis that rocked the United States and led to a bank run on the Knickerbocker Trust Company. I examine the factors that contributed to the crisis and the role of JP Morgan, a prominent banker, and financier, in stabilizing the financial system. I also draw parallels between the events of 1907, the recent struggles of Silicon Valley Bank and Silvergate, and the rise of cryptocurrency and artificial intelligence. I discuss practical steps that everyday people like me and you can take to succeed in the changing economic landscape and advocate for responsible AI development.
ShonSpeaks: The Panic of 1907: JP Morgan, Bank Runs, and the Future of Finance
#bankinghistory #financialsucess #crypto #AI