One newspaper headline during this crisis noted "Never has there been such wild scenes on the Curb," referring to events at a market on the curb.
One newspaper headline during this crisis noted "Never has there been such wild scenes on the Curb," referring to events at a market on the curb. A participant in this event was called the "Ice King" for his ice monopolyÂ—that man was Charles Morse. This event caused Charles Barney to commit suicide as he felt shame for causing it, and a group of officials were reportedly locked in a library until they could propose a proper solution. The government response to this event was led by George Cortelyou. This crisis occurred after an attempt by Otto and Augustus Heinze to corner the United Copper Company. In order to resolve this crisis, the President approved the purchase of the Tennessee Coal, Iron, and Railroad Company. This event, whichled the following year to passage of the Aldrich-Vreeland Act, was caused by the collapse of the Knickerbocker Trust Company. For 10 points, name this financial crisis that banker J.P. Morgan helped resolve, which led to creation of the Federal Reserve.
One newspaper headline during this crisis noted "Never has there been such wild scenes on the Curb," referring to events at a market on the curb.
Panic of 1907 [accept  Knickerbocker crisis until "Knickerbocker"]