
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="The Man Who Saved the US Economy." width="500" height="281" src="https://www.youtube.com/embed/EV9viJmx4xo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div><figcaption class="wp-element-caption">Patrick Boyle explains &#8220;How JP Morgan Saved the US Economy&#8221; and explores the panic of 1907, a financial crisis that caused economic contraction in the United States. The panic was sparked by a combination of events, including an earthquake in San Francisco, an attempted short squeeze, difficult politics, and inconsistent banking regulation. These factors led to banks collapsing, prompting a group of business leaders, including J. Pierpont Morgan, to take action and calm the markets. The panic of 1907 played a significant role in shaping modern financial regulation and ultimately led to the establishment of the US Federal Reserve.</figcaption></figure>


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