27 April 2013

Question Of The Day #49: The Saviour

And there we go, with the week's final question on Finance.

Connect to a person, put funda.

Answer: (Please highlight the text below)

JP Morgan. The 1896 Broadway melodrama The War of Wealth was inspired by the Panic of 1893. The second picture is about Panic of 1907. JP Morgan's role in the economy was denounced as overpowering in this hostile political cartoon. JP Morgan  helped rescue the U.S. Treasury during the Panic of 1893. In 1907,J. Pierpont Morgan helped stave off a national financial crisis when he helped to shore up a number of banks that had seen a run on their deposits.