On the record
It was apparent that the temporary panic grew out of the reckless and criminal conduct of a few men and not from defects in the national bank system or the clearing house.
Source
gutenberg.orgJohn Sherman: “It was apparent that the temporary panic grew out of the reckless and criminal conduct of a few men and not from defects…”
Editor's note · Context
Sherman argues that the panic was caused by a few individuals' misconduct rather than systemic issues in banking.
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