In the mind of Reverend Michael Esper, teddy bears were public enemy number one. In July 1907, Esper, the leader of St. Joseph’s Catholic Church in St. Joseph, Michigan, addressed his ...

185.--Popular explanations of its cause, 190.--The financial world on the eve of the panic of 1907, 192.--Situation of Europe, and warnings of European observers, 194.-- Communities outside of the ...

Citations: Frydman, Carola, Eric Hilt, Lily Zhuo. 2015. Economic Effects of Runs on Early 'Shadow Banks': Trust Companies and the Impact of the Panic of 1907. Journal of Political Economy. (4)902-940.