Panic of 1914

E240794

The Panic of 1914 was a brief but severe financial crisis triggered by the outbreak of World War I, leading to the closure of the New York Stock Exchange and emergency monetary measures in the United States.

All labels observed (1)

Label Occurrences
Panic of 1914 canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf banking panic
economic event
financial crisis
affected U.S. banking system
U.S. stock market
international bond markets
causedBy disruption of international capital markets
fear of gold outflows
sudden international financial uncertainty
characterizedBy brief duration
closure of major securities markets
concerns over gold reserves
liquidity shortages
severe initial disruption
country United States of America
surface form: United States
followed Panic of 1907
hasEconomicContext classical gold standard era
early years of the Federal Reserve System
hasEndDate 1914-12-12
hasKeyActor Federal Reserve System
New York Stock Exchange
New York banks
William Gibbs McAdoo
surface form: Secretary of the Treasury William G. McAdoo

United States Department of the Treasury
surface form: United States Treasury
hasKeyMeasure actions by the newly created Federal Reserve System
closure of the New York Stock Exchange
gold export embargo
use of Aldrich–Vreeland emergency currency
hasLocation New York City
United States of America
surface form: United States
hasMainLocation New York Stock Exchange
hasStartDate 1914-07-31
isPartOf history of banking in the United States
history of the New York Stock Exchange
ledTo closure of the New York Stock Exchange
emergency monetary measures in the United States
increased use of emergency currency
restrictions on gold exports from the United States
suspension of stock trading in New York
temporary breakdown of international capital flows
occursInContextOf World War I
suspension of the international gold standard by European powers
preceded post–World War I recession in the United States
resultedIn demonstration of the Federal Reserve’s role as lender of last resort
stabilization of U.S. financial markets by late 1914
tookPlaceDuring 1914
triggeredBy July Crisis of 1914
outbreak of World War I

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Aldrich–Vreeland Act inForceDuring Panic of 1914