The Role of JP Morgan in 19071

Añadido: 2026-06-02

[00:00:00]October 1907, New York City. Two men are about to accidentally burn the entire American financial system to the ground.

[00:00:06]>> [music] >> Their names were F. Augustus Heinze and Charles Morse, and their plan was simple, at least on paper. Corner the copper market, buy up enough shares in a single copper company that anyone who bet against them would be forced to buy from them at whatever price they named.

[00:00:21]But here's what you need to understand about why they thought they could get away with it.

[00:00:25]The early 1900s were drunk on speculation. The American economy was booming. Railroad, steel, copper, oil,