#Knickerbocker Trust #Company was one of the largest trust companies in the U.S. Its failure in October 1907 triggered a financial panic and led to a loss of confidence in the entire banking system.

In October 1907, #Knickerbocker Trust failed due to risky bets, sparking a #panic. Two others soon failed, and it spread. When a run began on a healthy Trust, J.P. Morgan made a stand.

#Knickerbocker Trust Company was one of the largest trust #companies in the U.S. Its failure in October 1907 triggered a financial panic and led to a loss of confidence in the entire banking system.

In October 1907, #Knickerbocker Trust failed due to risky bets, sparking a #panic. Two others soon failed, and it spread. When a run began on a healthy Trust, J.P. Morgan made a stand.