The New York Stock Exchange in the Crisis of 1914

"The New York Stock Exchange in the Crisis of 1914" by Henry George Stebbins Noble is a recounting of the New York Stock Exchange's battle against a global crisis at the start of World War I, detailing the closing of the exchange, the key players involved, and the impacts that rippled through the American economy and the society. The story begins by showcasing the financial chaos of 1914, stressing how the war shook stock markets across the world. Noble underscores the need to document these events for the future, considering how quickly the financial world was changing. The book looks into how financial leaders reacted to the crisis, examining the decisions that led to the exchange's shutdown and the sense of uncertainty that followed, and also shows the relationship between economic ideas and the tough financial choices made during this chaotic time.