Statements (79)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:Trust
gptkb:Educational_Institution |
| gptkbp:bfsLayer |
5
|
| gptkbp:bfsParent |
gptkb:Panic_of_1907
|
| gptkbp:caused_by |
gptkb:Panic_of_1907
|
| gptkbp:closing_date |
October 22, 1907
|
| gptkbp:closure_type |
$100 million
widespread panic |
| gptkbp:conflict |
1907 financial crisis
|
| gptkbp:customer_base |
middle and upper class
|
| gptkbp:dissolved |
gptkb:Great_Depression
1931 |
| gptkbp:employees |
gptkb:1,000
|
| gptkbp:financial_products |
investment services
loans savings accounts increased public fear speculative investments trust services demonstrated the impact of panic on financial systems affected trust in financial institutions caused by withdrawal requests changed public perception of banks demonstrated the need for deposit insurance exacerbated by media coverage highlighted the importance of liquidity highlighted vulnerabilities in the banking system influenced banking practices in the U. S. influenced the creation of the Federal Reserve led to changes in banking regulations. led to closure of other banks led to economic downturn led to increased regulation of banks led to insolvency led to the establishment of the FDIC prompted calls for reform resulted in financial losses for investors resulted in loss of deposits showed the interconnectedness of banks triggered by rumors |
| gptkbp:founded |
1884
|
| gptkbp:founder |
gptkb:Charles_A._Stone
|
| gptkbp:headquarters |
gptkb:Borough
|
| gptkbp:historical_significance |
example of systemic risk
|
| https://www.w3.org/2000/01/rdf-schema#label |
Knickerbocker Trust Company
|
| gptkbp:impact |
financial regulation reforms
|
| gptkbp:industry |
gptkb:financial_services_company
banking |
| gptkbp:investment |
wealthy individuals
|
| gptkbp:key_event |
bank panic
|
| gptkbp:key_people |
gptkb:James_Stillman
gptkb:George_F._Baker gptkb:Charles_A._Stone gptkb:J._P._Morgan |
| gptkbp:legacy |
influence on banking laws
|
| gptkbp:local_government |
J. P. Morgan's role
|
| gptkbp:location |
gptkb:Manhattan
gptkb:United_States |
| gptkbp:notable_event |
bank run in 1907
first major bank failure in the U. S. since the Civil War |
| gptkbp:notable_person |
gptkb:Charles_W._Morse
|
| gptkbp:parent_company |
gptkb:National_City_Bank_of_New_York
|
| gptkbp:public_perception |
loss of confidence in banks
|
| gptkbp:receives_funding_from |
$150 million
$200 million |
| gptkbp:regulatory_body |
gptkb:New_York_State_Banking_Department
|
| gptkbp:regulatory_compliance |
gptkb:Federal_Reserve_Act
|
| gptkbp:related_event |
gptkb:historical_event
|
| gptkbp:reputation |
prestigious
|
| gptkbp:services |
banking services
investment management trust services |
| gptkbp:set_in |
gptkb:J._P._Morgan_&_Co.
gptkb:National_City_Bank_of_New_York |
| gptkbp:strategic_importance |
gptkb:Bank
|
| gptkbp:successor |
gptkb:Chase_Manhattan_Bank
gptkb:New_York_Trust_Company |
| gptkbp:type |
gptkb:Trust
|
| gptkbp:website |
gptkb:CEO
|