710: Two Crises Did Not Go To Waste: How the 1907 and 1929 Crashes Led to Reform
July 13-16, 2020
1:45 PM - 3:15 PM
In 1900 the US financial system was unregulated. The Panic of 1907 changed everything. It led to the Federal Reserve Act of 1913, which created mechanisms to manage the currency and address panics. The Panic also produced calls for specific financial reforms, many of which were enacted after the 1929 Crash. The course will focus on political forces and personalities, not technical financial issues.
Class Format: Lecture and Discussion
Hours of Reading: No reading
Study Group Leader(s):
Matthew P. Fink is former President of the mutual fund association, the Investment Company Institute. He is author of The Unlikely Reformer: Carter Glass and Financial Regulation (George Mason, 2019), and The Rise of Mutual Funds: An Insider's View (Oxford, 2011). He is an honors graduate of Brown University and Harvard Law School.