Which market was the principal exchange involved in the 1907 Panic in the United States?

The New York Stock Exchange was the principal exchange involved in the 1907 Panic in the United States.

The panic intensified in October 1907 after an unsuccessful attempt to corner the stock of United Copper Company. Depositors began withdrawing money from trust companies, especially the Knickerbocker Trust Company in New York. As confidence deteriorated, banks and brokers faced severe liquidity pressure.

The New York Stock Exchange remained central because it was the country’s leading securities market and depended heavily on short-term financing. J. Pierpont Morgan helped organize private support for banks and trusts, arranging funds and persuading institutions to cooperate.

The crisis helped demonstrate the limits of relying on private financiers as an emergency backstop. Congress later created the National Monetary Commission, and the Federal Reserve System was established in 1913. The panic therefore links a stock-market crisis with the origins of modern U.S. central banking.