‘The most complex of all problems are economic problems, and the functions of Stock Exchanges form a most intricate part of political economy.’
The financial crisis of 1914 was an unprecedented event in the history of the New York Stock Exchange that resulted in the exchange’s second closure. What went on during this important event was recorded in this book by Henry George Stebbins Noble, the president of the New York Stock Exchange when the crisis occurred. In order to ensure the crisis was accurately recorded, Noble wrote this book in 1915, only a year after the crisis took place and when his memory was still fresh. Being favorably placed to know the story of the crisis in its entirety, Noble’s book is an invaluable document for readers who want a full, detailed, and accurate account of the crisis.
Henry George Stebbins Noble was an American banker who served as the president of the New York Stock Exchange from 1914 to 1919.