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<book id="658129">
  <title><![CDATA[The Panic of 1907: Lessons Learned from the Market's 'Perfect Storm']]></title>
  <isbn><![CDATA[047015263X]]></isbn>
  <isbn13><![CDATA[9780470152638]]></isbn13>
    <image_url>http://photo.goodreads.com/books/1176835976m/658129.jpg</image_url>
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  <best_book_id type="integer">658129</best_book_id>
  <books_count type="integer">1</books_count>
  <default_description>Praise for The Panic of 1907&lt;br&gt;   &lt;br&gt;   &quot;Before reading The Panic of 1907, the year 1907 seemed like a long time ago and a different world. The authors, however, bring this story alive in a fast-moving book, and the reader sees how events of that time are very relevant for today's financial world. In spite of all of our advances, including a stronger monetary system and modern tools for managing risk, Bruner and Carr help us understand that we are not immune to a future crisis.&quot;&lt;br&gt;   &lt;br&gt;   -Dwight B. Crane, Baker Foundation Professor, Harvard Business School&lt;br&gt;   &lt;br&gt;   &quot;Bruner and Carr provide a thorough, masterly, and highly readable account of the 1907 crisis and its management by the great private banker J. P. Morgan. Congress heeded the lessons of 1907, launching the Federal Reserve System in 1913 to prevent banking panics and foster financial stability. We still have financial problems. But because of 1907 and Morgan, a century later we have a respected central bank as well as greater confidence in our money and our banks than our great-grandparents had in theirs.&quot;&lt;br&gt;   &lt;br&gt;   -Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets, and Professor of Economics, Stern School of Business, New York University&lt;br&gt;   &lt;br&gt;   &quot;A fascinating portrayal of the events and personalities of the crisis and panic of 1907. Lessons learned and parallels to the present have great relevance. Crises and panics are as much a part of our future as our past.&quot;&lt;br&gt;   &lt;br&gt;   -John Strangfeld, Vice Chairman, Prudential Financial&lt;br&gt;   &lt;br&gt;   &quot;Who would have thought that a hundred years after the Panic of 1907 so much remained to be written about it? Bruner and Carr break significant new ground because they are willing to do the heavy lifting of combing through massive archival material to identify and weave together important facts. Their book will be of interest not only to banking theorists and financial historians, but also to business school and economics students, for its rare ability to teach so clearly why and how a panic unfolds.&quot;&lt;br&gt;   &lt;br&gt;   -Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Columbia University, Graduate School of Business</default_description>
  <id type="integer">644214</id>
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  <original_language_id type="integer" nil="true"></original_language_id>
  <original_publication_day type="integer">31</original_publication_day>
  <original_publication_month type="integer">8</original_publication_month>
  <original_publication_year type="integer">2007</original_publication_year>
  <original_title>The Panic of 1907: Lessons Learned from the Market's 'Perfect Storm'</original_title>
  <rating_dist>total:52|5:13|4:23|3:13|2:3|1:0|</rating_dist>
  <ratings_count type="integer">52</ratings_count>
  <ratings_sum type="integer">202</ratings_sum>
  <reviews_count type="integer">95</reviews_count>
  <text_reviews_count type="integer">13</text_reviews_count>
</work>

  <average_rating><![CDATA[3.88]]></average_rating>
  <ratings_count><![CDATA[52]]></ratings_count>
  <text_reviews_count><![CDATA[13]]></text_reviews_count>
  <url><![CDATA[http://www.goodreads.com/book/show/658129.The_Panic_of_1907_Lessons_Learned_from_the_Market_s_Perfect_Storm_]]></url>
  <authors>
        <author id="13276">
      <name><![CDATA[Robert F. Bruner]]></name>
      <role><![CDATA[]]></role>
      <url><![CDATA[http://www.goodreads.com/author/show/13276.Robert_F_Bruner]]></url>
      <average_rating><![CDATA[3.74]]></average_rating>
      <ratings_count><![CDATA[70]]></ratings_count>
      <text_reviews_count><![CDATA[16]]></text_reviews_count>
    </author>
      </authors>
    <reviews start="1" end="20" total="95">
    <review id="44313740">
    <user id="1929917">
    <name><![CDATA[Andy]]></name>
    <location><![CDATA[Portland, OR]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1929917-andy]]></url>
  </user>
      <rating>3</rating>
  <votes>2</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Mon Jan 26 00:00:00 -0800 2009</read_at>
  <date_added>Sun Jan 25 13:57:29 -0800 2009</date_added>
  <date_updated>Tue Jan 27 11:15:39 -0800 2009</date_updated>
  <read_count></read_count>
    <body><![CDATA[This book begins with a great narrative account of the events of the panic, largely focussing on the elderly J.P. Morgan and his heroic efforts to stem the disaster. The last few chapters then step back to analyze the causes of financial panics and demonstrate some parallels between 1907 and the cur...<a href="http://www.goodreads.com/review/show/44313740">more...</a>]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/44313740]]></url>
</review>
    <review id="46354918">
    <user id="1754114">
    <name><![CDATA[Mary]]></name>
    <location><![CDATA[]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1754114-mary]]></url>
  </user>
      <rating>3</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[Casual history readers with an interest in economics]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Fri Feb 27 00:00:00 -0800 2009</read_at>
  <date_added>Sat Feb 14 15:07:23 -0800 2009</date_added>
  <date_updated>Sat Feb 28 21:20:48 -0800 2009</date_updated>
  <read_count>1</read_count>
    <body><![CDATA[As a history of the New York financial markets in October 1907, and specifically J.P. Morgan's actions within them, I thought it was a fine book.  It was interesting, and well written (with the possible exception of the awkward second to last chapter), and I learned a lot of new information.  Perhap...<a href="http://www.goodreads.com/review/show/46354918">more...</a>]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/46354918]]></url>
</review>
    <review id="16406073">
    <user id="705193">
    <name><![CDATA[Jim]]></name>
    <location><![CDATA[Laveen, AZ]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/705193-jim]]></url>
  </user>
      <rating>4</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Tue Sep 11 00:00:00 -0700 2007</read_at>
  <date_added>Tue Feb 26 07:47:27 -0800 2008</date_added>
  <date_updated>Tue Feb 26 08:07:09 -0800 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[I wanted to read this book to gain insight to the current economic situation. The quote from George Santayana, &quot;Those who cannot learn from history are doomed to repeat it&quot;, is always in the front of my mind. So when the &quot;sub-prime&quot; mess started to hit home (literally), I began t...<a href="http://www.goodreads.com/review/show/16406073">more...</a>]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/16406073]]></url>
</review>
    <review id="44746111">
    <user id="320238">
    <name><![CDATA[Wayne]]></name>
    <location><![CDATA[Seattle, WA]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/320238-wayne]]></url>
  </user>
      <rating>3</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
        <shelf name="2009" />
        <shelf name="biographical-real-life" />
        <shelf name="investing-trading" />
      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Mon Feb 02 00:00:00 -0800 2009</read_at>
  <date_added>Thu Jan 29 07:45:56 -0800 2009</date_added>
  <date_updated>Mon Feb 02 12:13:55 -0800 2009</date_updated>
  <read_count></read_count>
    <body><![CDATA[This is another interesting read in the light of the most recent market collapse. The start of the book describes a similar situation that caused WaMu all the troubles. It's good to read the events that followed and how certain figureheads of the time helped to rebuild the economy and the market.]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/44746111]]></url>
</review>
    <review id="41723452">
    <user id="1231382">
    <name><![CDATA[Tgdelaney]]></name>
    <location><![CDATA[Sunderland, MA]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1231382-tgdelaney]]></url>
  </user>
      <rating>2</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
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      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
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  <read_at></read_at>
  <date_added>Sat Jan 03 10:26:27 -0800 2009</date_added>
  <date_updated>Sat Jan 03 10:27:09 -0800 2009</date_updated>
  <read_count></read_count>
    <body><![CDATA[Good for insight into today's mess. We've been this stupid before.]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/41723452]]></url>
</review>
    <review id="11773210">
    <user id="82093">
    <name><![CDATA[todd]]></name>
    <location><![CDATA[The United States]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/82093-todd]]></url>
  </user>
      <rating>4</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Tue Jan 01 00:00:00 -0800 2008</read_at>
  <date_added>Sun Jan 06 06:24:42 -0800 2008</date_added>
  <date_updated>Sun Jan 06 06:29:42 -0800 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[This is a wonderful history of one of the worst episodes in U.S. economic history, but it's much more.  The authors crisply recount the events, emphasizing the leadership role of J P Morgan, and then devote the end of the book to asking what causes panics and what parallels exist today.  A very quic...<a href="http://www.goodreads.com/review/show/11773210">more...</a>]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/11773210]]></url>
</review>
    <review id="18880568">
    <user id="1023900">
    <name><![CDATA[William]]></name>
    <location><![CDATA[Baltimore, MD]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1023900-william]]></url>
  </user>
      <rating>4</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[investors, historians]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Mon Oct 15 00:00:00 -0700 2007</read_at>
  <date_added>Fri Mar 28 16:40:34 -0700 2008</date_added>
  <date_updated>Sun Mar 30 14:57:24 -0700 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[I wanted to read this book to get a good understanding of our current credit crisis. It is interesting to know that, as much as things have changed over the last 100 years, things are eerily similar in many aspects.  This book does a good job of illustrating what happened leading up to and during th...<a href="http://www.goodreads.com/review/show/18880568">more...</a>]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/18880568]]></url>
</review>
    <review id="24149276">
    <user id="962644">
    <name><![CDATA[Chris]]></name>
    <location><![CDATA[Oakland, CA]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/962644-chris]]></url>
  </user>
      <rating>4</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Tue Jul 01 00:00:00 -0700 2008</read_at>
  <date_added>Tue Jun 10 09:50:49 -0700 2008</date_added>
  <date_updated>Wed Jul 09 10:59:56 -0700 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[The author lays out the people and the actions that lead to the panic of 1907. Lessons of the panic explain a lot of what is going on now in the economy and ways of personally being prepared for the &quot;perfect storm&quot;.]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/24149276]]></url>
</review>
    <review id="36372892">
    <user id="1272734">
    <name><![CDATA[IreneandJohn]]></name>
    <location><![CDATA[Virginia Beach, VA]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1272734-ireneandjohn]]></url>
  </user>
      <rating>0</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at></read_at>
  <date_added>Tue Oct 28 04:55:26 -0700 2008</date_added>
  <date_updated>Tue Nov 04 05:46:54 -0800 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[Good book that describes the 1907 Panic and provides a good analysis of financial panics in general. The latter portion of the book is especially good for these trying economic times.<br/><br/>]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/36372892]]></url>
</review>
    <review id="30423823">
    <user id="1435602">
    <name><![CDATA[Curtis]]></name>
    <location><![CDATA[Denver, CO]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1435602-curtis-bentley]]></url>
  </user>
      <rating>3</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at></read_at>
  <date_added>Sun Aug 17 21:00:16 -0700 2008</date_added>
  <date_updated>Sun Aug 17 21:01:50 -0700 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[Tells a good story.  Perhaps a little too pro-Morgan, and I personally didn't think the insights were all that insightful.  But it's short and well written and on an interesting subject.]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/30423823]]></url>
</review>
    <review id="17763622">
    <user id="81317">
    <name><![CDATA[ranjit]]></name>
    <location><![CDATA[Los Angeles, CA]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/81317-ranjit-mathoda]]></url>
  </user>
      <rating>4</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
  <spoiler_flag>false</spoiler_flag>
  <shelves>
      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at></read_at>
  <date_added>Fri Mar 14 14:26:00 -0700 2008</date_added>
  <date_updated>Fri Mar 14 14:27:14 -0700 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[although there were flaws in this book (namely a lack of attention to monetary factors), it was an extensive analysis of the facts surrounding the panic of 1907.]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/17763622]]></url>
</review>
    <review id="34860286">
    <user id="1435206">
    <name><![CDATA[Jason]]></name>
    <location><![CDATA[Billings, MT]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1435206-jason]]></url>
  </user>
      <rating>4</rating>
  <votes>0</votes>
  <sell_flag>false</sell_flag>
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      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at></read_at>
  <date_added>Wed Oct 08 18:43:00 -0700 2008</date_added>
  <date_updated>Fri Nov 21 18:15:37 -0800 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[A breezy read about a financial crisis that looks eerily similar to the current one.<br/>]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/34860286]]></url>
</review>
    <review id="36475510">
    <user id="371669">
    <name><![CDATA[Deirdre]]></name>
    <location><![CDATA[The United States]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/371669-deirdre]]></url>
  </user>
      <rating>3</rating>
  <votes>0</votes>
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      </shelves>
  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Wed Oct 01 00:00:00 -0700 2008</read_at>
  <date_added>Wed Oct 29 08:00:32 -0700 2008</date_added>
  <date_updated>Wed Oct 29 08:00:55 -0700 2008</date_updated>
  <read_count></read_count>
    <body><![CDATA[and everything old is new again]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/36475510]]></url>
</review>
    <review id="79670363">
    <user id="1588686">
    <name><![CDATA[Charles]]></name>
    <location><![CDATA[The United States]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1588686-charles]]></url>
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  <recommended_for><![CDATA[]]></recommended_for>
  <recommended_by><![CDATA[]]></recommended_by>
  <read_at></read_at>
  <date_added>Wed Dec 02 13:22:34 -0800 2009</date_added>
  <date_updated>Wed Dec 02 13:22:34 -0800 2009</date_updated>
  <read_count></read_count>
    <body><![CDATA[]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/79670363]]></url>
</review>
    <review id="79668482">
    <user id="2966570">
    <name><![CDATA[Frank]]></name>
    <location><![CDATA[Great Falls, VA]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/2966570-frank]]></url>
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  <read_at></read_at>
  <date_added>Wed Dec 02 13:06:55 -0800 2009</date_added>
  <date_updated>Wed Dec 02 13:06:55 -0800 2009</date_updated>
  <read_count></read_count>
    <body><![CDATA[]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/79668482]]></url>
</review>
    <review id="79244147">
    <user id="1498395">
    <name><![CDATA[John and Kris]]></name>
    <location><![CDATA[Minneapolis, MN]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/1498395-john-and-kris]]></url>
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  <read_at></read_at>
  <date_added>Sat Nov 28 17:43:36 -0800 2009</date_added>
  <date_updated>Sat Nov 28 17:43:36 -0800 2009</date_updated>
  <read_count></read_count>
    <body><![CDATA[]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/79244147]]></url>
</review>
    <review id="79193492">
    <user id="2927498">
    <name><![CDATA[Jesse]]></name>
    <location><![CDATA[Chagrin Falls, OH]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/2927498-jesse-mckendry]]></url>
  </user>
      <rating>4</rating>
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  <read_at></read_at>
  <date_added>Sat Nov 28 07:54:06 -0800 2009</date_added>
  <date_updated>Sat Nov 28 07:54:06 -0800 2009</date_updated>
  <read_count></read_count>
    <body><![CDATA[]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/79193492]]></url>
</review>
    <review id="77952019">
    <user id="2676603">
    <name><![CDATA[Danielle]]></name>
    <location><![CDATA[The United States]]></location>        
    <url><![CDATA[http://www.goodreads.com/user/show/2676603-danielle-strimbu]]></url>
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  <recommended_by><![CDATA[]]></recommended_by>
  <read_at>Mon Nov 09 00:00:00 -0800 2009</read_at>
  <date_added>Mon Nov 16 07:14:23 -0800 2009</date_added>
  <date_updated>Mon Nov 16 07:15:32 -0800 2009</date_updated>
  <read_count></read_count>
    <body><![CDATA[]]></body>
    <url><![CDATA[http://www.goodreads.com/review/show/77952019]]></url>
</review>
    <review id="77442673">
    <user id="727324">
    <name><![CDATA[Chris]]></name>
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